The USDCAD tests the key resistance – Analysis - 03-08-2022

2022-08-03 03:53:18 GMT (Economies.com)
 

The USDCAD pair traded positively yesterday to test 1.2870 again, and begins today negatively to settle below this level, to keep the chances valid to continue the correctional bearish trend, which targets testing 1.2790 initially.

 

Breaking 1.2850 will ease the mission of achieving the expected decline, reminding you that it is important to hold below 1.2870 to continue the negative scenario.

 

The expected trading range for today is between 1.2780 support and 1.2910 resistance.

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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