The USDCAD loses momentum – Analysis - 10-04-2019
Economies.com
2019-04-10 03:54AM UTC
The USDCAD pair shows some bullish bias after attempting to break 1.3300 barrier yesterday, to approach testing the EMA50 now, accompanied by stochastic loss to the positive momentum and witnessing clear overbought signals now, which forms negative factor that we are waiting to press on the price to decline again, to keep the bearish trend expected in the upcoming period.
Our waited targets begin at 1.3220 and extend to 1.3128, while achieving them conditions holding below 1.3382.
The expected trading range for today is between 1.3260 support and 1.3400 resistance.
The expected trend for today: Bearish
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