USDCAD fails to breach – Analysis - 28-12-2018
Economies.com
2018-12-28 04:57AM UTC
The USDCAD pair attempted to breach the bullish channel’s resistance but it couldn’t manage to hold above it, to witness negative signals through the recent candlesticks’ closings, which leads us to suggest bearish reversal on the intraday basis, targeting visiting the mentioned channel’s support at 1.3425.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless breaching 1.3630 level and holding with a daily close above it.
Expected trading range for today is between 1.3530 support and 1.3670 resistance.
Expected trend for today: Bearish
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