The USD/CAD needs positive motive – Analysis – 13/07/2022

com-l7The USDCAD pair shows sideways trades since yesterday, hovering around 1.3000 barrier now, waiting to get positive motive to assist to push the price to achieve our main waited target at 1.3076, reminding you that surpassing this level will push the price to 1.3200 as a next main station.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2930.

The expected trading range for today is between 1.2950 support and 1.3100 resistance.

The expected trend for today: Bullish

Origin: Economies

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