USDCAD confirms the negative pattern – Analysis - 21-02-2019

Economies.com
2019-02-21 05:17AM UTC

The USDCAD pair keeps its stability below 1.3205 level, to keep the negative effect of the triple top pattern active, waiting to push the price to resume the bearish wave that its targets begin at 1.3128 followed by 1.3075.

 

The EMA50 continues to support the suggested bearish wave, which its continuation conditions holding below 1.3205 and 1.3225 levels.

 

The expected trading range for today is between 1.3075 support and 1.3225 resistance.

The expected trend for today: Bearish

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