The USDCAD surpasses the resistance – Analysis - 22-08-2022
Economies.com
2022-08-22 02:50AM UTC
The USDCAD pair confirmed breaching 1.2955 level to support the continuation of the expected bullish trend for the upcoming period, and the way is open to head towards our next main target at 1.3055.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, which gets continuous support by the EMA50, noting that it is important to hold above 1.2955 to achieve the suggested targets.
The expected trading range for today is between 1.2950 support and 1.3080 resistance.
The expected trend for today: Bullish
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