The USDCAD awaits the confirmation – Analysis - 06-06-2019
Economies.com
2019-06-06 04:20AM UTC
The USDCAD pair still confined between the trend confirmation levels represented by 1.3382 support and 1.3425 resistance, which keeps our neutrality valid until now, as the price needs to breach one of these levels to detect its next targets clearly.
We remind you that breaking the mentioned support will put the price under additional negative pressure that targets 1.3300 areas as a next station, while breaching the resistance will lead the price to resume the main bullish trend and achieve gains that start at 1.3475 and extend to 1.3700.
The expected trading range for today is between 1.3330 support and 1.3490 resistance.
The expected trend for today: Neutral
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