The USDCAD breaks the support – Analysis - 19-08-2019
Economies.com
2019-08-19 05:15AM UTC
The USDCAD pair traded with clear negativity on last Friday to attack 1.3286 and settles below it, starting today with more decline to break the bullish channel’s support line, which puts the price under expected negative pressure in the upcoming period, on its way to provide negative trades that target 1.3200 followed by 1.3120 levels as next main stations.
Therefore, the bearish trend will be expected for today unless breaching 1.3286 and holding above it again.
The expected trading range for today is between 1.3190 support and 1.3340 resistance.
The expected trend for today: Bearish
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