The USDCAD suffers strong losses – Analysis - 22-07-2021
Economies.com
2021-07-22 04:13AM UTC
The USDCAD pair broke 1.2650 level strongly and settled below it, to head towards visiting the bullish channel’s support line that appears on the chart, located now at 1.2460.
Therefore, we expect to witness more decline in the upcoming sessions supported by moving below the EMA50, noting that breaching 1.2650 will motivate the price to resume the bullish trend again.
The expected trading range for today is between 1.2500 support and 1.2630 resistance.
The expected trend for today: Bearish
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