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13.07.2021: Forex Analysis & Reviews: USD/CAD In Buyers Territory!
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analytics60edb2d3064f1.jpg

USD/CAD has dropped a little in the short term, but the decline was only a temporary one. I've told you in a previous analysis that USD/CAD could increase if it stays above the 1.2470 level.

It's located at 1.2517 level and it could resume its growth after a temporary decline. It could slip lower after today's rally trying to attract more buyers. A minor decline could bring a new upside momentum.

Trading Conclusion!

Passing above 1.2532 today's high could indicate more gains and a potential growth towards 1.2600 psychological level. It could increase as long as it stays above 1.2470.

The bullish scenario could be invalidated by a drop below 1.2443 low.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2026
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