The USDCAD resumes the decline – Analysis - 12-08-2022

2022-08-12 04:09:43 GMT (Economies.com)
 

The USDCAD pair shows additional negative trades to move away from 1.2780, reinforcing the expectations of continuing the bearish trend, which targets 1.2685 as a next main station.

 

Stochastic loses the positive momentum clearly to support the expectations to decline, which will remain valid conditioned by the price stability below 1.2780.

 

The expected trading range for today is between 1.2680 support and 1.2820 resistance.

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0339
-0.0103
0.9860%
1.1990
-0.0058
0.4839%
21.247
-0.109
0.510%
78.540
4.111
5.523%
85.12
1.91
2.30%
1752.015
1.540
0.088%
 
 
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