USDCAD decline calmly – Analysis - 02-08-2018
Economies.com
2018-08-02 03:53AM UTC
The USDCAD pair continues to decline gradually on its way towards our main waited target at 1.2923, as the price is affected by the double top pattern that was completed previously by breaking 1.3060 level, while the EMA50 forms negative pressure against the price.
Therefore, we will keep our bearish overview for the upcoming period unless breaching 1.3060 followed by 1.3128 levels and holding above them.
Expected trading range for today is between 1.2923 support and 1.3060 resistance.
Expected trend for today: Bearish
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