The USDCAD awaits the confirmation – Analysis - 15-01-2020
Economies.com
2020-01-15 05:47AM UTC
The USDCAD pair continues to fluctuate between the key levels represented by 1.3015 support and 1.3092 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next targets clearly.
Therefore, we will continue with our neutrality until now, reminding you that breaching the mentioned resistance will push the price to achieve more bullish correction that its next main target located at 1.3180, while breaking the support represents the key to return to resume the main bearish trend that its next targets located at 1.2950 followed by 1.2870.
The expected trading range for today is between 1.2980 support and 1.3120 resistance.
The expected trend for today: Neutral
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