The USDCAD tests the resistance – Analysis - 05-04-2019
Economies.com
2019-04-05 03:54AM UTC
The USDCAD pair continues to fluctuate around the EMA50, and it approached the key resistance 1.3382, and as long as the price is below this level, our bearish overview will remain valid, waiting to head towards 1.3210 followed by 1.3128 levels mainly.
Stochastic provides negative signals that support the expected decline, while breaching 1.3382 will lead the price to turn to rise again and visit 1.3500 level initially.
The expected trading range for today is between 1.3260 support and 1.3420 resistance.
The expected trend for today: Bearish
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