The USDCAD surpasses the first target – Analysis - 26-07-2022
10 months ago

The USDCAD pair bounced downwards strongly to surpass our first waited target at 1.2870 and confirm opening the way to head towards our next negative target at 1.2790, waiting for more expected decline in the upcoming sessions, supported by the negative pressure formed by the EMA50.


Note that breaking the targeted level will extend the bearish wave to reach 1.2685 areas, while holding below 1.2870 represents the first condition to continue the suggested decline.


The expected trading range for today is between 1.2750 support and 1.2890 resistance.

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The expected trend for today: Bearish

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