USDCAD below the moving average – Analysis - 26-09-2018
Economies.com
2018-09-26 03:53AM UTC
The USDCAD pair keeps its stability below the EMA50, to keep the negative pressure valid on the price, waiting to break 1.2923 level to confirm the continuation of the main bearish trend, which its next target located at 1.2717.
On the other hand, we should note that breaching 1.2970 will lead the price to achieve gains that reach 1.3128 on the near term basis.
Expected trading range for today is between 1.2860 support and 1.3000 resistance.
Expected trend for today: Bearish
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