The USDCAD under the correctional bearish pressure – Analysis - 18-07-2022
Economies.com
2022-07-18 04:15AM UTC
The USDCAD pair traded with strong negativity in the previous sessions to break 1.3076 and settles below it, to start bearish correction for the rise measured from 1.2517 to 1.3223, on its way to achieve negative targets that start at 1.2955 and extend to 1.2870.
Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that breaching 1.3055 will stop the current negative pressure and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.2900 support and 1.3050 resistance.
The expected trend for today: Bearish
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