USDCAD begins negatively – Analysis - 14-08-2018
Economies.com
2018-08-14 04:15AM UTC
The USDCAD pair begins today’s trading with bearish bias to move below 1.3128 level, but we will depend on yesterday’s close above this level to keep our bullish overview on the intraday basis, waiting to breach 1.3185 level to reinforce the expectations of heading towards 1.3382 that represents our next main target.
We should note that closing the daily candlestick below 1.3128 will push the price to return to the bearish trend again, to start the negative targets at 1.2990 followed by 1.2923 levels.
Expected trading range for today is between 1.3050 support and 1.3200 resistance.
Expected trend for today: Bullish
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