The USDCAD under the negative pressure – Analysis - 16-06-2022
Economies.com
2022-06-16 04:19AM UTC
The USDCAD pair traded with strong negativity yesterday to break 1.2930 and settles below it, to head towards achieving more expected decline on the intraday basis, targeting testing 1.2840 initially, noting that breaking it will press on the price to head towards 1.2770 as a next negative target.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 1.2930 and hold above it.
The expected trading range for today is between 1.2800 support and 1.2940 resistance.
The expected trend for today: Bearish
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