The USDCAD pair traded with clear negativity yesterday to approach our waited target at 1.2790, falling under continuous negative pressure coming by the EMA50, to support the continuation of the bearish trend domination, noting that breaking the mentioned level will extend the bearish wave to reach 1.2685.

Therefore, our bearish overview will remain valid conditioned by the price stability below 1.2870.

The expected trading range for today is between 1.2740 support and 1.2880 resistance.

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0265	0.0067	0.6597%
Midday update for the EURUSD 12-08-2022
	GBP/USD	1.2139	0.0022	0.1816%

	Silver	20.583	0.219	1.075%

	Oil	92.262	3.784	4.277%
Midday update for Crude oil 12-08-2022
	Brent Oil	97.88	-1.74	1.75%

	Gold	1796.970	15.295	0.859%
Midday update for Gold 12-08-2022

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