The USDCAD resumes the decline – Analysis - 28-07-2022
Economies.com
2022-07-28 04:00AM UTC
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.
The expected trend for today: Bearish
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