USDCAD breaks the support barrier – Analysis - 12-04-2018
Economies.com
2018-04-12 03:52AM UTC
The USDCAD pair resumed its negative trading to surpass 1.2600 barrier and settles below it, reinforcing the expectations of continuing the bearish trend in the upcoming period, waiting to target 1.2500 followed by 1.2463 levels that represent our next main stations.
Stochastic loses its bullish momentum gradually to support the expected decline, which will remain valid unless breaching 1.2717 and holding above it.
Expected trading range for today is between 1.2463 support and 1.2650 resistance.
Expected trend for today: Bearish
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