USDCAD confirms the break – Analysis - 21-09-2018
Economies.com
2018-09-21 03:59AM UTC
The USDCAD pair managed to break 1.2923 level and close the daily candlestick below it, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and begins to activate the negative effect of the double top pattern that has negative targets, starting at 1.2717 and extend to reach 1.2463.
Therefore, the bearish trend will remain dominant, noting that breaching 1.2923 will push the price to achieve some intraday gains and test 1.3000 areas initially before any new attempt to decline.
Expected trading range for today is between 1.2800 support and 1.3000 resistance.
Expected trend for today: Bearish
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