The USD/CAD is recovering – Analysis – 28/07/2023

usd-cadThe USDCAD pair traded with clear positivity to breach 1.3205 level and settles above it, to head towards expected turn to rise, as we expect to visit 1.3300 followed by 1.3350 levels as next main stations.

Therefore, the bullish bias will be suggested in the upcoming sessions, and breaching 1.3240 will ease the mission of achieving the expected targets, noting that breaking 1.3205 followed by 1.3165 levels will stop the expected rise and push the price to decline again.

The expected trading range for today is between 1.3160 support and 1.3300 resistance.

The expected trend for today: Bullish

Origin: Economies

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