The USDCAD under the negative pressure – Analysis - 07-01-2022
1 year ago

The USDCAD pair bounced downwards clearly yesterday after approaching the first waited positive target at 1.2840, to attack 1.2725, but its still above the intraday support line that rises now to 1.2700, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period.


The waited positive targets begin at 1.2850 and extend to 1.2950, while achieving them requires holding above 1.2700.


The expected trading range for today is between 1.2660 support and 1.2800 resistance.

The expected trend for today: Bullish

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