USDCAD attempts to breach – Analysis - 07-11-2018

The USDCAD pair attempted to breach the key resistance 1.3128 but without managing to settle above it, as this level forms one of the next trend keys besides 1.3080 support, waiting to surpass one of these levels to get clearer signal for the next trend.

Therefore, our neutrality will remain valid until now, reminding you that breaching the mentioned resistance will push the price to achieve positive targets that start at 1.3200 and extend to 1.3382. while breaking the support will put the price under negative pressure that targets testing 1.2922 level mainly.

Expected trading range for today is between 1.3040 support and 1.3180 resistance.

Expected trend for today: Neutral