The USD/CAD achieves the first positive target – Analysis – 29/12/2022

news_22_feb_cad_usd_2The USDCAD pair traded with clear positivity yesterday to manage to achieve our first positive targe tat 1.3585, waiting for more rise to visit 1.3680 that represents our next main target.

Moving above the EMA50 supports the suggested rise, which will remain valid unless breaking 1.3500 and holding below it.

The expected trading range for today is between 1.3520 support and 1.3680 resistance.

The expected trend for today: Bullish

Origin: Economies

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