USDCAD awaits the confirmation – Analysis - 05-11-2018
Economies.com
2018-11-05 04:59AM UTC
The USDCAD pair still stuck between the trend confirmation levels represented by 1.3070 support and 1.3128 resistance, which makes us continue with our neutrality until the price succeeds to breach one of these levels followed by detecting the next targets clearly.
We remind you that breaching the mentioned resistance will lead the price to resume the bullish trend that targets 1.3200 followed by 1.3382 levels as next main stations, while breaking the support will put the price under negative pressure that targets 1.2923 areas initially.
Expected trading range for today is between 1.3040 support and 1.3170 resistance.
Expected trend for today: Neutral
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