The USDCAD achieves more intraday gains – Analysis - 13-06-2019
Economies.com
2019-06-13 04:41AM UTC
The USDCAD pair continues to rise to test the EMA50, accompanied by stochastic entering the overbought areas, which hints the chances are valid to rebound bearishly and resume the main expected bearish trend for the upcoming period, which targets 1.3128 areas mainly.
Therefore, the negative scenario will remain valid unless breaching 1.3382 level and holding above it, noting that breaking 1.3250 will ease the mission of achieving the above mentioned target.
The expected trading range for today is between 1.3250 support and 1.3400 resistance.
The expected trend for today: Bearish
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