The USDCAD tests the channel’s support – Analysis - 29-09-2022
Economies.com
2022-09-29 04:12AM UTC
The USDCAD pair traded with strong negativity yesterday to test the bullish channel’s support line that appears on the chart, starting today with bullish bias to move above 1.3650 again, which supports the chances of building new bullish wave, its targets begin at 1.3795 and extend to 1.3900.
Therefore, we expect to witness more bullish bias on the intraday and short term basis supported by stochastic positivity, noting that the continuation of the bullish wave requires holding above 1.3650.
The expected trading range for today is between 1.3610 support and 1.3770 resistance.
The expected trend for today: Bullish
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