The USD/CAD completes positive pattern – Analysis – 31/07/2023

usd_cad_1The USDCAD pair shows more bullish bias to complete forming ascending triangle pattern that appears on the chart, to get positive motive that supports the expectations of continuing the bullish trend on the intraday basis, waiting to head towards 1.3300 followed by 1.3350 levels as next main targets.

The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 1.3205 and 1.3170 levels.

The expected trading range for today is between 1.3180 support and 1.3310 resistance.

The expected trend for today: Bullish

Origin: Economies

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