USDCAD breaks the support – Analysis - 03-01-2019

2019-01-03 05:24:30 GMT (Economies.com)
USDCAD breaks the support – Analysis - 03-01-2019
 

The USDCAD pair succeeded to break the minor support 1.3620 yesterday and settled below it, starting today with bullish bias to retest this support that turns into key resistance now at 1.3635, and it needs to hold below this level to keep the bearish trend scenario valid for the upcoming period, which targets testing 1.3480 level as a next station.

 

Therefore, we will keep our bearish overview for today unless the price rallied to breach 1.3690 level and hold above it.

 

Expected trading range for today is between 1.3550 support and 1.3690 resistance.

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1140
0.0042
0.3789%
1.2289
0.0135
1.1107%
17.418
0.314
1.834%
53.880
-0.920
1.679%
59.10
-0.82
1.37%
1526.175
13.910
0.920%
 
 
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