The USDCAD reaches the first target – Analysis - 27-01-2022
Economies.com
2022-01-27 05:26AM UTC
The USDCAD pair rallied upwards strongly to reach the thresholds of the first waited target at 1.2725, and we expect to surpass this level to open the way to achieve more gains on the intraday and short term basis, as the next targets reach 1.2810 followed by 1.2950.
The EMA50 continues to support the expected bullish wave, which will remain valid unless breaking 1.2590 and holding below it.
The expected trading range for today is between 1.2650 support and 1.2800 resistance.
The expected trend for today: Bullish
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