USDCAD attempts to break – Analysis - 01-02-2019

2019-02-01 05:11:05 GMT (Economies.com)
USDCAD attempts to break – Analysis - 01-02-2019
 

The USDCAD pair continues to fluctuate at 1.3128 level, waiting to confirm breaking this level to rally towards our next negative targets that extend to 1.2922 followed by 1.2717, as the price is affected by the previously completed head and shoulders’ pattern.

 

Therefore, the bearish bias will remain suggested in the upcoming period conditioned by the price stability below 1.3190.

 

Expected trading range for today is between 1.3040 support and 1.3200 resistance.

Expected trend for today: Bearish

 
 
  Symbol Last Change Chg.%
1.1336
0.0037
0.3261%
1.3032
0.0125
0.9650%
15.985
0.206
1.306%
57.090
1.317
2.360%
67.08
0.63
0.95%
1337.820
16.485
1.248%
 
 
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