The USDCAD gets a negative close – Analysis - 17-10-2019
Economies.com
2019-10-17 04:53AM UTC
The USDCAD pair closed the daily candlestick below 1.3200 level, which supports the expectations of continuing the bearish trend on the intraday and short term basis, paving the way to achieve more decline, reminding you that our next target is located at 1.3155, which breaking it represents the key to rally towards 1.3015 as a next station.
Therefore, the bearish bias will remain dominant unless the price rallied to breach 1.3240 followed by 1.3295 levels and hold above them.
The expected trading range for today is between 1.3120 support and 1.3260 resistance.
The expected trend for today: Bearish
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