USDCAD approaches the extended target – Analysis - 08-01-2019

2019-01-08 04:59:52 GMT (Economies.com)
USDCAD approaches the extended target – Analysis - 08-01-2019
 

The USDCAD pair resumed its negative trading strongly yesterday to reach the thresholds of our next waited target at 1.3255, which supports the expectations of continuing the decline on the short term basis, noting that surpassing this level will push the price towards 1.3128 as a next target.

 

The EMA50 keeps pressing negatively on the price, to continue suggesting the bearish trend in the upcoming period, conditioned by the price stability below 1.3382.

 

Expected trading range for today is between 1.3200 support and 1.3350 resistance.

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1236
-0.0037
0.3304%
1.2455
-0.0120
0.9535%
15.979
0.761
5.004%
56.637
-3.696
6.125%
63.61
-0.05
0.08%
1420.085
4.590
0.324%
 
 
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