The USDCAD surpasses the target – Analysis - 18-10-2019

Economies.com
2019-10-18 05:09AM UTC

The USDCAD pair managed to surpass 1.3155 level and closed the daily candlestick below it, which supports the continuation of the bearish trend scenario efficiently on the intraday and short term basis, and the way is open to visit our next target that extends to 1.3015.

 

Therefore, we are waiting for more decline in the upcoming sessions, taking into consideration that breaching 1.3155 followed by 1.3200 levels will lead the price to start recovery attempts to regain the main bullish trend again.

 

The expected trading range for today is between 1.3050 support and 1.3200 resistance.

The expected trend for today: Bearish

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