USDCAD keeps its negative stability – Analysis - 09-08-2018
Economies.com
2018-08-09 04:16AM UTC
The USDCAD pair provided positive trades yesterday to test 1.3128 level, but it bounced downwards quickly to settle below 1.3060 level again, which keeps the negative effect of the double top pattern active, supported by the EMA50, waiting to visit 1.2923 level mainly.
Note that breaking the targeted level will extend the bearish wave to reach 1.2800 level as a next main station, while holding below 1.3128 represents the most important condition to continue the expected decline.
Expected trading range for today is between 1.2900 support and 1.3060 resistance.
Expected trend for today: Bearish
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