USDCAD begins positively – Analysis - 02-01-2019

2019-01-02 04:49:22 GMT (Economies.com)
USDCAD begins positively – Analysis - 02-01-2019
 

The USDCAD pair shows sideways trades recently, starting today with bullish bias to approach the bullish channel’s resistance that rises now to 1.3675, and as long as the price is below this level, the bearish trend scenario will remain suggested for the upcoming sessions, noting that breaking 1.3620 is required to reinforce the chances of heading towards 1.3475 that represents our main waited target.

 

Expected trading range for today is between 1.3550 support and 1.3700 resistance.

Expected trend for today: Bearish

 
 
  Symbol Last Change Chg.%
1.1364
-0.0099
0.8667%
1.2874
0.0017
0.1357%
15.340
-0.258
1.651%
53.837
2.217
4.296%
62.70
1.52
2.48%
1281.360
-6.400
0.497%
 
 
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