USDCAD loses momentum – Analysis - 10-01-2019

2019-01-10 04:57:33 GMT (Economies.com)
USDCAD loses momentum – Analysis - 10-01-2019
 

The USDCAD pair provided slight positive trades yesterday to test 1.3240 level, but it begins today with bearish bias that hints the price head to resume the main bearish trend, accompanied by stochastic loss to the positive momentum clearly, waiting to head towards 1.3128 that represents our main target.

 

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, reminding you that the continuation of the expected decline conditions holding below 1.3320 and 1.3382 levels.

 

Expected trading range for today is between 1.3130 support and 1.3300 resistance.

Expected trend for today: Bearish

 
 
  Symbol Last Change Chg.%
1.1364
-0.0099
0.8667%
1.2874
0.0017
0.1357%
15.340
-0.258
1.651%
53.837
2.217
4.296%
62.70
1.52
2.48%
1281.360
-6.400
0.497%
 
 
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