The USDCAD tests the support – Analysis - 14-07-2022
Economies.com
2022-07-14 04:06AM UTC
The USDCAD pair faced strong negative pressure yesterday to approach the key support 1.2930, and bounced bullishly from there to head towards resuming the main bullish trend, which targets 1.3076 as a next main station.
Therefore, we will keep our bullish overview unless breaking 1.2930 and holding below it, as breaking this level will put the price under the correctional bearish pressure again, to head towards visiting 1.2840 initially.
The expected trading range for today is between 1.2930 support and 1.3060 resistance.
The expected trend for today: Bullish
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