The USDCAD tests the resistance – Analysis - 18-06-2020
Economies.com
2020-06-18 04:31AM UTC
The USDCAD pair made new test to 1.3612 level, noticing that this level shows strength against the price’s positive attempts, to start negatively today and attempts to move away from the mentioned level, which keeps the bearish trend scenario active for the upcoming period, supported by stochastic loss to the positive momentum.
Our main waited target reaches 1.3362, while breaching 1.3612 represents the key to turn to rise on the intraday basis to rally towards 1.3813 before any new negative attempt.
The expected trading range for today is between 1.3470 support and 1.3612 resistance.
The expected trend for today: Bearish
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