USDCAD begins negatively – Analysis - 20-01-2017
Economies.com
2017-01-20 04:27AM UTC
The USDCAD pair continued its positive trading yesterday to attack 1.3310 level, but it begins today with clear decline to settle below the mentioned level, supported by the negativity that appears clearly on stochastic, which supports the chances of continuing the main bearish trend, waiting to break 1.3195 level to confirm extending the bearish wave towards 1.2985.
Therefore, we will keep our bearish overview for the upcoming period unless we witnessed clear breach and holding above 1.3310.
Expected trading range for today is between 1.3150 support and 1.3350 resistance.
Expected trend for today: Bearish
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