The USDCAD faces solid support – Analysis - 10-09-2019
Economies.com
2019-09-10 04:49AM UTC
The USDCAD pair attempted to break 1.3160 level but it found solid support there, to show some temporary bullish bias now, noticing that stochastic loses its positive momentum to reach the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which its next target located at 1.3105.
Therefore, our bearish overview will remain valid, noting that breaching 1.3200 might push the price to test 1.3286 before any new attempt to decline.
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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