The USDCAD reaches the negative target – Analysis - 11-07-2022
Economies.com
2022-07-11 03:54AM UTC
The USDCAD pair reached few pips away from our waited target at 1.2930 and bounced bullishly from there, to start building new bullish wave that we expect to carry the price to visit the recently recorded high at 1.3076 again.
Therefore, we expect the continuation of the bullish bias on the intraday basis, supported by stochastic positivity, noting that breaking 1.2930 will stop the positive scenario and press on the price to suffer new losses.
The expected trading range for today is between 1.2930 support and 1.3050 resistance.
The expected trend for today: Bullish
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