USDCAD awaits the break – Analysis - 10-01-2017
Economies.com
2017-01-10 05:32AM UTC
The USDCAD pair returns to fluctuate negatively approaching from the bullish channel’s support level that located now at 1.3185, waiting for breaking this level to reinforce the expectations for the short term bearish trend continuation, and its next target at 1.2985.
The EMA50 represents a continuous negative pressure against the intraday and short term trading, which encourages us to keep preferring the bearish trend in the upcoming sessions, which will remain valid and active unless breaching 1.3310 level and holding above it.
Expected trading range for today is between 1.3100 support and 1.3270 resistance.
Expected trend for today: Bearish
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