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The USDCAD leans on the support – Analysis - 24-02-2023
The USDCAD pair tests the intraday bullish channel’s support line and keeps its stability above it, waiting to resume the bullish bias to achieve our positive targets that start at 1.3590 and extend to 1.3680.
The EMA50 carries the price from below to support the continuation of the suggested positive scenario, waiting to get positive momentum that adds more confirmation to the continuation of the bullish trend.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.3500 and holding below it.
The expected trading range for today is between 1.3460 support and 1.3610 resistance.
The expected trend for today: Bullish
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The USDJPY keeps its positive stability – Analysis - 24-02-2023
The USDJPY pair faced temporary negative pressure yesterday to test the EMA50 and rebounds bullishly to settle above 134.40 again, to keep the bullish trend scenario valid and active for the upcoming period, waiting to visit 135.70 followed by 137.70 levels as next main targets.
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