The USDCAD presses on the support – Analysis - 16-10-2019
Economies.com
2019-10-16 04:50AM UTC
The USDCAD pair resumed its negative trading clearly yesterday, to begin pressing on 1.3200 level, waiting for breaking this level to confirm the extension of the bearish wave towards our negative targets that begin at 1.3155 and extend to 1.3015 after breaking the previous level.
In general, the bearish bias will be preferred in the upcoming period unless witnessing a clear breach to 1.3295 level.
The expected trading range for today is between 1.3130 support and 1.3270 resistance.
The expected trend for today: Bearish
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