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The USDCAD stops the bearish correction – Analysis - 20-10-2022
The USDCAD pair trades positively since yesterday, to surpass the correctional bearish channel’s resistance and hint heading to resume the main bullish trend after the temporary bearish correction that it witnessed in the previous sessions, on its way to achieve positive targets that start by breaching 1.3855 to confirm continue the rise towards 1.3977.
Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 1.3680 and holding below it.
The expected trading range for today is between 1.3750 support and 1.3890 resistance.
The expected trend for today: Bullish
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