The USDCAD approaches the extended target – Analysis - 26-09-2022
Economies.com
2022-09-26 04:06AM UTC
The USDCAD pair rallied upwards strongly to manage to breach 1.3510 level and reinforce the expectations of continuing the bullish trend domination, approaching our waited extended target at 1.3650, noting that breaching this level will push the price to achieve more positive targets that reach 1.3715.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.3555 will press on the price to decline and test the bullish channel’s support line that appears on the chart around 1.3475 before any new attempt to rise.
The expected trading range for today is between 1.3555 support and 1.3700 resistance.
The expected trend for today: Bullish
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