The USDCAD reaches the target – Analysis - 09-05-2022
Economies.com
2022-05-09 04:10AM UTC
The USDCAD pair succeeded to reach our waited target at 1.2950 and settles there now, getting continuous positive support by the EMA50, to reinforce the chances of surpassing this level and open the way to achieve more gains in the upcoming period, noting that the next target extends to 1.3040.
Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that failing to breach 1.2950 will force the price to rebound bearishly and start intraday bearish correction before turning back to rise again.
The expected trading range for today is between 1.2860 support and 1.3010 resistance.
The expected trend for today: Bullish
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