The USD/CAD tests the support – Analysis – 03/07/2023

usd_cad_1The USDCAD pair tested the key support 1.3205 and kept its stability above it, getting good positive support by the EMA50, to support the chances of continuing the rise in the upcoming sessions, reminding you that our next target is located at 1.3350.

Holding above 1.3205 is important to continue the expected bullish trend, as breaking it will put the price under the negative pressure again, to head towards visiting 1.3080 areas initially.

The expected trading range for today is between 1.3190 support and 1.3330 resistance.

The expected trend for today: Bullish

Origin: Economies

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