The USDCAD continues to decline – Analysis - 09-09-2019
Economies.com
2019-09-09 04:42AM UTC
The USDCAD pair provided clear negative trades on last Friday to test 61.8% Fibonacci correction level at 1.3160, expecting to face more negative pressure, to break this level and open the way to achieve our main waited target at 1.3105.
Therefore, we will continue to suggest bearish trend supported by the EMA50 unless breaching 1.3286 level and holding above it.
The expected trading range for today is between 1.3080 support and 1.3240 resistance.
The expected trend for today: Bearish
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