The USDCAD tests the initial support – Analysis - 16-01-2020

Economies.com
2020-01-16 05:40AM UTC

The USDCAD pair tested the minor support 1.3039, and the price still stuck between the trend keys represented by 1.3015 support and 1.3092 resistance, which makes us continue with our neutrality until the price confirms breaching one of these levels and detect its next destination clearly.

 

To review the details of the expected targets for the upcoming period, please check our previous report.

 

The expected trading range for today is between 1.2980 support and 1.3120 resistance.

The expected trend for today: Neutral

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