USDCAD declines calmly – Analysis - 09-02-2017
Economies.com
2017-02-09 05:03AM UTC
The USDCAD pair bounces lower after approaching from the intraday bearish channel’s resistance that appears in the image, which supports the continuation of the expected bearish trend scenario in the upcoming sessions, and its targets begin at 1.2985.
In general, the bearish trend will remain valid and active on the intraday and short term basis unless breaching 13205 and the most important 1.3310, pointing that breaking 1.2985 level will push the price towards 1.2700 as a next main station.
Expected trading range for today is between 1.3040 support and 1.3205 resistance.
Expected trend for today: Overall Bearish
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