The USDCAD surpasses the resistance – Analysis - 18-08-2022
Economies.com
2022-08-18 04:12AM UTC
The USDCAD pair breached 1.2870 level clearly and settles above it, to activate the positive scenario in the upcoming sessions, targeting testing 1.2955 level initially, noting that breaching this level will push the price to 1.3055 as a next positive target.
Therefore, we expect to witness more bullish bias on the intraday basis unless breaking 1.2870 and holding below it.
The expected trading range for today is between 1.2870 support and 1.3000 resistance.
The expected trend for today: Bullish
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