The USDCAD resumes the decline – Analysis - 10-12-2019

Economies.com
2019-12-10 05:49AM UTC

The USDCAD pair returns to decline after the rise that it witnessed in the previous sessions, to move below 1.3240 level now, reinforcing the expectations of continuing the overall bearish trend, which its targets begin by attacking 1.3155 level and attempt to break it to open the way to target 1.3015 level as a next station.

 

Therefore, we will keep our bearish overview unless the price rallied to breach 1.3295 level and hold above it.

 

The expected trading range for today is between 1.3150 support and 1.3290 resistance.

The expected trend for today: Overall Bearish

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