The USDCAD heads towards more gains – Analysis - 19-08-2022
Economies.com
2022-08-19 04:18AM UTC
The USDCAD pair managed to touch our waited target at 1.2955 and attempts to breach it, reinforcing the expectations of continuing the bullish trend on the intraday basis, waiting for more rise to visit 1.3055 as a next station.
The EMA50 supports the suggested positive scenario, which will remain valid conditioned by the price stability above 1.2870.
The expected trading range for today is between 1.2870 support and 1.3030 resistance.
The expected trend for today: Bullish
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