USDCAD faces solid support – Analysis - 22-03-2017
Economies.com
2017-03-22 04:59AM UTC
The USDCAD pair attempted to break 1.3310 level without holding below it, to bounce higher from retesting the previously broken support of the bullish channel which turns into resistance now at 1.3395, and the price needs to settle below this level to keep the negative scenario valid in the upcoming period.
In general, we keep preferring the bearish trend unless breaching 1.3395 level and holding above it, reminding you that breaking 1.3310 level will open the way towards our main waited target at 1.2985.
Expected trading range for today is between 1.3250 support and 1.3450 resistance.
Expected trend for today: Bearish
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