The USDCAD retests the broken neckline – Analysis - 28-06-2022
Economies.com
2022-06-28 04:14AM UTC
The USDCAD pair retested the broken neckline of the double top pattern that appears on the chart and bounced bearishly from there, to keep the bearish trend scenario active on the intraday and short term basis, waiting to surpass 1.2840 to rally towards 1.2770 as a next negative target.
Moving below the EMA50 supports the expected decline, which will remain valid unless breaching 1.2930 and holding with a daily close above it.
The expected trading range for today is between 1.2800 support and 1.2930 resistance.
The expected trend for today: Bearish
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