USDCAD hits the target – Analysis - 04-01-2019

2019-01-04 04:58:58 GMT (Economies.com)
USDCAD hits the target – Analysis - 04-01-2019
 

The USDCAD pair succeeded to achieve our main waited target at 1.3480 and settles there after the strong decline that it witnessed yesterday, noticing that the price broke the bullish channel’s support line and closed the daily candlestick below it, which opens the way to extend the bearish wave on the intraday basis, to head towards 1.3382 as a next station.

 

Therefore, the bearish trend will remain suggested in the upcoming period unless breaching 1.3540 level and holding above it.

 

Expected trading range for today is between 1.3400 support and 1.3540 resistance.

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1301
-0.0025
0.2212%
1.3208
-0.0088
0.6600%
15.434
0.139
0.909%
58.869
0.486
0.833%
66.90
-0.94
1.39%
1313.235
10.925
0.839%
 
 
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