USDCAD approaches the support – Analysis - 14-06-2018
Economies.com
2018-06-14 00:39AM UTC
The USDCAD pair ended yesterday’s trading negatively to approach the key support 1.2923, and as long as the price is above this level, our bullish overview will remain valid, supported by stochastic move at the oversold areas, waiting to target 1.3128 level mainly.
We should note that breaking 1.2923 and holding below it will push the price to decline and head towards 1.2717 areas initially.
Expected trading range for today is between 1.2900 support and 1.3080 resistance.
Expected trend for today: Bullish
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