The USDCAD tests the resistance – Analysis - 06-06-2022
Economies.com
2022-06-06 04:25AM UTC
The USDCAD pair tested the key resistance 1.2605 and keeps its stability below it, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which targets 1.2500 followed by 1.2460 levels as next main stations.
The bearish channel organizes the suggested bearish wave, reminding you that it is important to hold below 1.2605 to achieve the waited targets.
The expected trading range for today is between 1.2500 support and 1.2640 resistance.
The expected trend for today: Bearish
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