The USDCAD rallies upwards – Analysis - 08-08-2022
2022-08-08 03:50AM UTC

The USDCAD pair breached 1.2870 level strongly, to reach 1.2950 direct, to head towards achieving expected gains in the upcoming sessions, noting that breaching the last level will push the price to 1.3055 areas on the near term basis.


Therefore, the bullish bias will be expected for the upcoming sessions, supported by moving above the EMA50, noting that breaking 1.2870 will stop the suggested positive scenario and press on the price to decline again.



The expected trading range for today is between 1.2870 support and 1.3020 resistance.

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The expected trend for today: Bullish

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