The USDCAD faces solid resistance – Analysis - 18-11-2022
Economies.com
2022-11-18 04:45AM UTC
The USDCAD pair’s rise stopped at 1.3400 barrier, as it found solid resistance there that forced the price to rebound bearishly to break 1.3350 and hold below it again, which puts the price under the correctional bearish pressure again, and we suggest visiting 1.3205 areas in the upcoming sessions.
Therefore, we expect to witness more bearish bias today unless breaching 1.3350 and holding with a daily close above it.
The expected trading range for today is between 1.3230 support and 1.3370 resistance.
The expected trend for today: Bearish
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