The USDCAD declines again – Analysis - 02-10-2019
Economies.com
2019-10-02 04:57AM UTC
The USDCAD pair shows mixed trading yesterday, where it tested the critical resistance at 1.3286 and bounced lower strongly from there, to break 1.3250 level and settles below it, activating the negative scenario on the intraday basis, in its way to test 1.3200 initially, pointing that breaking this level will push the price to 1.3160 as a next station.
Therefore, the bearish bias will be preferred in the upcoming sessions unless breaching 1.3250 then 1.3286 levels and holding above it.
The expected trading range for today is between 1.3130 support and 1.3286 resistance.
The expected trend for today: Bearish
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