USDCAD keeps its negative stability – Analysis - 27-11-2017
Economies.com
2017-11-27 05:43AM UTC
The USDCAD pair continues to fluctuate near 1.2723 level, keeping its stability below this level, which keeps the negative pressure valid until now, where the EMA50 meets the mentioned level to strengthen it, waiting for resuming the bearish bias that targets 1.2470 levels mainly.
Note that breaking 1.2665 level will complete forming a double top pattern that has the ability to push the price to our main target directly, while the expected decline will remain valid unless breaching 1.2723 then 1.2820 levels and holding above it.
Expected trading range for today is between 1.2620 support and 1.2780 resistance.
Expected trend for today: Bearish
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