The USDCAD declines strongly – Analysis - 14-10-2019
Economies.com
2019-10-14 04:47AM UTC
The USDCAD pair shows a strong decline in last Friday to surpass our initial target at 1.3240 and settle at 13200, reinforcing the expectations for the continuation of the bearish trend on the intraday basis, waiting for more of the downside moves to visit 1.3155 level that represents our next main target.
Therefore, the bearish trend will remain the dominant in the upcoming sessions unless breaching 1.3295 level and holding above it, pointing that breaking 1.3155 will push the price to 1.3015 on the near term basis.
The expected trading range for today is between 1.3110 support and 1.3295 resistance.
The expected trend for today: Bearish
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