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The USDCAD tests the support – Analysis - 21-10-2022
The USDCAD pair tested the key support 1.3680 and bounced bullishly from there, to head towards resuming the expected bullish trend for the upcoming period, supported by the EMA50, waiting to visit 1.3855 followed by 1.3977 levels as next main targets.
Holding above 1.3680 is important to continue the suggested rise, as breaking it will put the price under the correctional bearish pressure on the intraday basis.
The expected trading range for today is between 1.3720 support and 1.3850 resistance.
The expected trend for today: Bullish
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