USDCAD declines calmly – Analysis - 17-04-2018
Economies.com
2018-04-17 03:40AM UTC
The USDCAD pair provided calm negative trades yesterday to move around 1.2570, and the price falls under negative pressure provided by the EMA50, to support the chances of continuing the bearish trend in the upcoming sessions, affected by the previously completed head and shoulders’ pattern.
Therefore, the bearish trend will remain expected in the upcoming period unless breaching 1.2717 and holding above it, reminding you that our main waited target is located at 1.2463.
Expected trading range for today is between 1.2463 support and 1.2630 resistance.
Expected trend for today: Bearish
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