USDCAD breaks the support – Analysis - 12-01-2017
Economies.com
2017-01-12 05:28AM UTC
The USDCAD pair managed to break the key support 1.3190 and closed the daily candlestick below it, to support the continuation of our bearish trend expectations efficiently in the upcoming period, opening the way to head towards our next target at 1.2985.
Therefore, the bearish bias will remain dominant on the intraday and short term basis supported by the EMA50, reminding you that holding below 1.3310 represents the most important condition to continue the expected decline.
Expected trading range for today is between 1.3000 support and 1.3200 resistance.
Expected trend for today: Bearish
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