USDCAD confirms the break – Analysis - 04-02-2019

2019-02-04 04:52:17 GMT (Economies.com)
USDCAD confirms the break – Analysis - 04-02-2019
 

The USDCAD pair succeeded to break 1.3128 level strongly and settled below it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards 1.2922 followed by 1.2717 levels that represent our next main targets.

 

Therefore, we will continue to suggest the bearish trend for today, noting that holding below 1.3128 represents the first condition to continue the expected decline.

 

Expected trading range for today is between 1.3000 support and 1.3170 resistance.

Expected trend for today: Bearish

 

 
 
 
  Symbol Last Change Chg.%
1.1282
0.0064
0.5710%
1.2706
0.0123
0.9775%
15.363
0.495
3.329%
54.888
2.378
4.529%
62.82
0.97
1.57%
1385.610
44.330
3.305%
 
 
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