The USDCAD begins positively – Analysis - 14-07-2020
Economies.com
2020-07-14 04:30AM UTC
The USDCAD pair ended yesterday with clear positivity, starting today with more rise to attempt to breach 1.3612, which urges caution from the upcoming trading, as confirming the breach with a daily close above this level will stop the recently suggested negative scenario and push the price to achieve additional gains that start at 1.3700 and extend to 1.3813.
Therefore, we prefer staying aside until the price confirms its situation according to 1.3612 level, noting that consolidating below it will push the price to decline again and head towards our negative targets at 1.3500 followed by 1.3362.
The expected trading range for today is between 1.3530 support and 1.3700 resistance.
The expected trend for today: Neutral
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