The USDCAD resumes the bullish rally – Analysis - 02-05-2022
Economies.com
2022-05-02 00:03AM UTC
The USDCAD pair rallied upwards again to surpass 1.2850 level, reinforcing the expectations of continuing the main bullish trend, and we believe that the way is open to head towards our next main target at 1.2950.
Holding above 1.2725 is important to continue the expected rise, as breaking it will push the price back to the correctional bearish track again.
The expected trading range for today is between 1.2800 support and 1.2940 resistance.
The expected trend for today: Bullish
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