The USDCAD breaches the resistance – Analysis - 15-08-2019
Economies.com
2019-08-15 03:47AM UTC
The USDCAD pair rallied upwards strongly yesterday to breach 1.3286 and settles above it, which stops the recently suggested negative scenario and push the price to achieve more potential gains in the upcoming period, noting that breaching 1.3344 will push the price to 1.3430 as a next main station.
Therefore, the bullish bias will be expected for today unless breaking 1.3286 followed by 1.3240 levels and holding below them.
The expected trading range for today is between 1.3240 support and 1.3390 resistance.
The expected trend for today: Bullish
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