The USDCAD attacks the support – Analysis - 14-08-2019
Economies.com
2019-08-14 05:11AM UTC
The USDCAD pair tested the key resistance 1.3286 yesterday and bounced downwards strongly to attack the bullish channel’s support line that appears on the chart, as it moves below it now, which keeps the bearish trend scenario valid and active for the upcoming period, on its way to achieve negative targets that start at 1.3150 and extend to 1.3050.
Therefore, the bearish trend will remain dominant for today unless the price rallied to breach 1.3286 level and hold above it.
The expected trading range for today is between 1.3140 support and 1.3300 resistance.
The expected trend for today: Bearish
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