The USDCAD under the negative pressure – Analysis - 11-10-2019
Economies.com
2019-10-11 04:47AM UTC
The USDCAD pair traded with strong negativity yesterday to break 1.3286 and settles below it, noticing that the price completed forming double top pattern that its signs appear on the chart, which supports the chances of achieving more decline in the upcoming sessions, and the way is open to visit 1.3240 as a next negative target.
Therefore, we expect the continuation of the bearish bias today unless breaching 1.3295 and holding above it, noting that surpassing the mentioned target will push the price to 1.3155 direct.
The expected trading range for today is between 1.3200 support and 1.3360 resistance.
The expected trend for today: Bearish
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