The USDCAD resumes the bearish wave – Analysis - 08-06-2022
Economies.com
2022-06-08 04:08AM UTC
The USDCAD pair bounced downwards clearly after testing 1.2605 level in the previous sessions, to approach our first waited negative target at 1.2500, waiting for more decline to head towards 1.2460 that represents our main negative station.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2605 and hold above it.
The expected trading range for today is between 1.2460 support and 1.2605 resistance.
The expected trend for today: Bearish
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