USDCAD tests the support – Analysis - 12-06-2017
Economies.com
2017-06-12 01:16AM UTC
The USDCAD pair traded negatively on last Friday to start testing the key support at 1.3415, and the price needs to break this level to confirm the continuation of the bearish wave towards 1.3310 that represents our next main target.
In general, the bearish trend will remain suggested unless breaching 1.3574 level and holding above it, noting that the EMA50 pushes negatively on the price to support the suggested bearish wave.
Expected trading range for today is between 1.3350 support and 1.3520 resistance.
Expected trend for today: Bearish
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