The USDCAD reaches the target – Analysis - 27-07-2021
Economies.com
2021-07-27 04:09AM UTC
The USDCAD pair managed to reach the bullish channel’s support line that appears on the chart and settles there, waiting to get clearer signal for the next trend, as breaking this support represents the key to extend the bearish wave towards 1.2410 as a next negative target, while consolidating above it will lead the price to resume the bullish track that its targets begin at 1.2650 and extend to 1.2805.
Therefore, we prefer to stay neutral until we get good signal for the next trend.
The expected trading range for today is between 1.2480 support and 1.2610 resistance.
The expected trend for today: Neutral
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