The USDCAD breaks the support – Analysis - 09-08-2019
Economies.com
2019-08-09 04:36AM UTC
The USDCAD pair traded with strong negativity yesterday to confirm breaking 1.3286 level, which turns the intraday track to decline, on its way to test the bullish channel’s support line at 1.3175 initially, noting that breaking this level will push the price to achieve more decline that targets 1.3050 level mainly.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.3286 level and hold above it again.
The expected trading range for today is between 1.3140 support and 1.3286 resistance.
The expected trend for today: Bearish
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