USD CAD negotiates the resistance – Analysis - 20/11/2014
The USDCAD pair tested the bearish channel’s resistance that appears in the image that located now at 1.1345, and the price needs to breach this level to confirm regaining the bullish trend on the short- term basis, which is organized within the bullish channel that appears in the image, then targeting 1.1600 levels mainly.
Until now, we remain aside to monitor the USDCAD price according to the critical levels represented by the mentioned resistance and 1.1276 support, where breaking this support will push the price to turn its intraday track and short -term basis towards the downside track and visit levels begin at 1.1125 then 1.1000.
Expected trading range for today is between: 1.1255 support and 1.1465 resistance.
Expected trend for today: Neutral
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