The USDCAD awaits the break – Analysis - 16-12-2019
Economies.com
2019-12-16 05:56AM UTC
The USDCAD pair opens today’s trading with clear negativity to start pressing on 1.3155 level, noting that stochastic provides negative signals now to support the chances of breaking the mentioned level followed by opening the way to head towards 1.3015 that represents our next main target.
In general, we will continue to suggest the bearish trend unless breaching 1.3240 followed by 1.3295 levels and holding above them.
The expected trading range for today is between 1.3080 support and 1.3220 resistance.
The expected trend for today: Bearish
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