The USD/CAD turns to rise – Analysis – 29/06/2023

usd_cad_2The USDCAD pair breached 1.3205 level clearly and closed the daily candlestick above it, to head towards achieving expected gains in the upcoming sessions, targeting visiting 1.3350 as a next main station.

Therefore, the bullish bias will be expected for today, and breaching the targeted level will extend the pair’s gains to reach 1.3500, noting that breaking 1.3205 will stop the suggested rise and push the price to decline again.

The expected trading range for today is between 1.3210 support and 1.3350 resistance.

The expected trend for today: Bullish

Origin: Economies

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