USDCAD awaits the confirmation – Analysis - 29-10-2018

Economies.com
2018-10-29 04:22AM UTC

The USDCAD pair attempted to breach 1.3128 level without managing to hold above it, to stay stuck between the trend confirmation levels represented by the mentioned resistance and 1.3035 support, which keeps our neutrality valid until now.

 

We remind you that breaking the mentioned support will push the price to target 1.2923 level initially, while breaching the resistance will motivate the price to target positive levels that start at 1.3200 and extend to 1.3382.

 

Expected trading range for today is between 1.3020 support and 1.3180 resistance.

 

Expected trend for today: Neutral

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