The USDCAD heads towards the support – Analysis - 22-05-2019
Economies.com
2019-05-22 00:56AM UTC
The USDCAD pair continues to decline to approach the key support 1.3382, which urges caution from the upcoming trading, as the continuation of the negative pressure and breaking this level will stop the recently suggested negative scenario and push the price to achieve negative targets that begin at 1.3320 and extend to 1.3200.
Until now, the main bullish trend scenario still valid conditioned by the price stability above 1.3382, reminding you that we need to breach 1.3490 to reinforce the chances of extending the bullish wave towards 1.3700.
The expected trading range for today is between 1.3340 support and 1.3490 resistance.
The expected trend for today: Bullish
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