The USDCAD faces negative pressure – Analysis - 18-07-2019
Economies.com
2019-07-18 04:49AM UTC
The USDCAD pair traded negatively yesterday to attack 1.3050 level, noticing that the price closed the daily candlestick above this level, which keeps the positive scenario valid until now, supported by the positive overlapping signal provided by stochastic, waiting to resume the bullish bias that targets 1.3200 followed by 1.3286 levels mainly.
We should note that breaking 1.3050 and holding below it will press on the price to return to the bearish track again.
The expected trading range for today is between 1.2970 support and 1.3140 resistance.
The expected trend for today: Bullish
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