The USDCAD within sideways track – Analysis - 17-01-2020
Economies.com
2020-01-17 05:35AM UTC
The USDCAD pair continues to fluctuate within sideways track between 1.3039 support and 1.3092 resistance, and it might witness some bullish bias affected by stochastic positivity, to keep the sideways bias suggested on the intraday basis until the price manages to surpass one of the mentioned levels.
Note that breaking 1.3039 support will press on the price to resume the main bearish trend and head towards 1.2950 initially, while breaching 1.3092 represents positive factor that will lead the price for more bullish correction and visit 1.3180 on the near term basis.
The expected trading range for today is between 1.2980 support and 1.3120 resistance.
The expected trend for today: Sideways
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