The USD/CAD is recovering again – Analysis – 29/06/2021

usd_cad_news_prognozThe USDCAD pair traded positively to breach 1.2330 and settles above it, which opens the way to resume the correctional bullish track, to head towards achieving gains that start at 1.2410.

Therefore, the bullish bias will be suggested for today, supported by the EMA50, noting that breaking 1.2330 will stop the expected rise and press on the price to decline again.

The expected trading range for today is between 1.2280 support and 1.2410 resistance.

The expected trend for today: Bullish

Origin: Economies

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