USDCAD attempts to recover – Analysis - 29-01-2019

2019-01-29 05:23:02 GMT (Economies.com)
USDCAD attempts to recover – Analysis - 29-01-2019
 

The USDCAD pair provided positive trading yesterday to approach 1.3300 barrier, noticing that the EMA50 forms negative pressure against the price, while stochastic loses its positive momentum clearly.

 

Therefore, we believe that the chances are valid to resume the bearish trend today, which targets 1.3128 level as a next main station, reminding you that it is important to hold below 1.3300 to continue the expected decline.

 

Expected trading range for today is between 1.3160 support and 1.3320 resistance.

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0064
0.5685%
1.2996
-0.0084
0.6422%
15.005
0.020
0.134%
64.010
0.218
0.343%
71.97
0.35
0.49%
1275.700
-15.150
1.174%
 
 
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