USDCAD approaches from the support – Analysis - 06-01-2017
Economies.com
2017-01-06 04:50AM UTC
The USDCAD pair continued its decline to approach from our main waited target at 1.3160, showing some bullish bias affected by stochastic positivity, which might push the price to retest 1.3310 level before turning back to decline.
In general, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 1.3310 level and holding above it, noting that the EMA50 supports the negative overview, which its next main target located at 1.2985.
Expected trading range for today is between 1.3160 support and 1.3310 resistance.
Expected trend for today: Bearish
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