The USDCAD reaches the extended target – Analysis - 29-07-2022
1 year ago

The USDCAD pair provided new negative trades to reach 1.2790 level, and the EMA50 continues to press negatively on the price, to reinforce the expectations of continuing the correctional bearish trend, which its next target reaches 1.2685.


Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.2870 and holding above it.



The expected trading range for today is between 1.2740 support and 1.2860 resistance.

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The expected trend for today: Bearish

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