USDCAD is stable – Analysis - 13-02-2018
Economies.com
2018-02-13 04:59AM UTC
The USDCAD pair provided sideways and tight trades yesterday to remain stable around 1.2575 level, and as long as the price is below 1.2717, the bearish trend scenario will remain active for today, supported by the negative signal provided by stochastic now, reminding you that our next main target is represented by testing 1.2463.
Note that breaking the targeted level will push the price to target 1.2220 followed by 1.2053 areas on the short term basis.
Expected trading range for today is between 1.2460 support and 1.2610 resistance.
Expected trend for today: Bearish
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