USDCAD achieves some gains – Analysis - 23-05-2018
Economies.com
2018-05-23 01:26AM UTC
The USDCAD pair traded with clear positivity yesterday to test the EMA50, accompanied with stochastic loose to the positive momentum clearly and its entrance to the overbought levels, which supports the chances for bouncing lower and resuming the expected bearish trend on the intraday basis.
Therefore, we will keep preferring the bearish trend for today unless breaching 1.2835 and holding above it, reminding you that our main waited target is located at 1.2717.
Expected trading range for today is between 1.2730 support and 1.2900 resistance.
Expected trend for today: Bearish
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