The USD/CAD achieves more gains – Analysis – 04/08/2021

com-l7The USDCAD pair surpassed 1.2520 level and settled above it, to head towards achieving more expected gains in the upcoming sessions and attempt to regain the main bullish trend again, targeting testing 1.2615 as a first station.

Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 1.2500 and holding below it will push the price back to the correctional bearish track that its next target located at 1.2407.

The expected trading range for today is between 1.2470 support and 1.2600 resistance.

The expected trend for today: Bullish

Origin: Economies

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