USDCAD approaches the support – Analysis - 20-08-2018
Economies.com
2018-08-20 03:00AM UTC
The USDCAD pair bounced downwards clearly after testing the bearish channel’s resistance, to approach the key support that rises now to 1.3020, to keep the price stuck between the trend keys represented by the mentioned support and 1.3165 resistance, which makes us continue with our neutrality until now.
We remind you that breaking the mentioned support will push the price to achieve negative targets that begin by testing 1.2923 level, while breaching the resistance will lead the price to achieve gains that reach 1.3282 on the near term basis.
Expected trading range for today is between 1.2970 support and 1.3140 resistance.
Expected trend for today: Depends on the above mentioned levels
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