USDCAD approaches from the key resistance – Analysis - 02-08-2017
Economies.com
2017-08-02 04:09AM UTC
The USDCAD pair shows positive trading after 1.2459 formed solid support against the negative attempts, which urges caution from the upcoming trading, as breaching 1.2575 will complete forming bullish pattern that has the ability to push the price to turn its intraday track to rise and test 1.2750 areas before any new attempt to decline.
Until now, the main bearish trend still valid unless breaching 1.2575 level and holding above it, reminding you that the main targets begin by breaking 1.2459 to open the way to head towards 1.2280.
Expected trading range for today is between 1.2450 support and 1.2620 resistance.
Expected trend for today: Bearish
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