The USDCAD presses on the support – Analysis - 21-07-2022

2022-07-21 04:10:43 GMT (Economies.com)
 

The USDCAD pair hovers around 1.2870 level and attempts to press on it, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to break the mentioned level and confirm rallying towards our next negative target at 1.2790.

 

In general, the bearish trend scenario will remain valid unless breaching 1.2955 and holding above it.

 

The expected trading range for today is between 1.2790 support and 1.2920 resistance.

Open Live Trading Account

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9682
0.0027
0.2786%
1.0796
-0.0024
0.2227%
18.756
-0.102
0.543%
81.794
2.500
3.153%
89.32
3.00
3.48%
1654.345
8.985
0.546%
 
 
Live Forex Updates