The USDCAD negotiates the resistance – Analysis - 05-08-2022

2022-08-05 04:12:15 GMT (Economies.com)
 

The USDCAD pair returns to test the key resistance 1.2870, accompanied by witnessing clear negative signals by stochastic, waiting to motivate the price to resume the bearish wave that targets 1.2790 initially.

 

On the other and, we should note that breaching 1.2870 and holding above it will stop the suggested negative scenario and lead the price to turn to rise and achieve gains that start by visiting 1.2950 areas.

 

The expected trading range for today is between 1.2790 support and 1.2930 resistance.

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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