USDCAD tests the moving average – Analysis - 19-04-2018
Economies.com
2018-04-19 03:45AM UTC
The USDCAD pair provided clear positive trading yesterday to test the EMA50 now, which forms good intraday resistance at 1.2635, accompanied by stochastic reach to the overbought areas, which forms negative factor that we waiting to push the price to decline again.
Therefore, we will keep our bearish overview unless breaching 1.2717 level and holding above it, reminding you that our next main target is located at 1.2463.
Expected trading range for today is between 1.2540 support and 1.2700 resistance.
Expected trend for today: Bearish
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