USDCAD keeps declining – Analysis - 02-10-2018

2018-10-02 04:12:13 GMT (Economies.com)
USDCAD keeps declining – Analysis - 02-10-2018
 

The USDCAD pair provided more negative trading to press on 1.2800 level and moves below it, reinforcing the expectations of continuing the bearish trend in the upcoming period, which its next target located at 1.2717, noting that the price is affected by the triple top pattern that has negative targets that extend to go further towards 1.2463.

 

Therefore, the bearish trend will remain valid and suggested unless breaching 1.2923 level and holding above it.

 

Expected trading range for today is between 1.2720 support and 1.2880 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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