The USDCAD needs a negative motive – Analysis - 06-07-2021
Economies.com
2021-07-06 03:45AM UTC
The USDCAD pair hovers around 1.2330 level and moves below it now, to keep our bearish overview that depends on the formation of the double top pattern that appears on the chart, waiting to head towards 1.2260 followed by 1.2164 levels as main targets.
Moving below the EMA50 supports the expected decline, which will remain valid unless breaching 1.2410 and holding above it.
The expected trading range for today is between 1.2250 support and 1.2390 resistance.
The expected trend for today: Bearish
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