The USDCAD hits the first target – Analysis - 09-07-2020

2020-07-09 04:01:27 GMT (

The USDCAD pair succeeded to achieve our first waited target at 1.3500 and settles near it, waiting for more decline to surpass this level and open the way to rally towards our next negative target that reaches 1.3362.


The EMA50 continues to press negatively on the price to support the chances of achieving the mentioned target, to keep our bearish overview unless the price rallied to breach 1.3612 and hold with a daily close above it.


The expected trading range for today is between 1.3430 support and 1.3580 resistance.

The expected trend for today: Bearish

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