USDCAD loses momentum – Analysis - 17-09-2018
Economies.com
2018-09-17 03:53AM UTC
The USDCAD pair shows some bullish bias to test the EMA50 that forms negative pressure against the intraday trades, accompanied by stochastic reach to the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish trend on the intraday and short term basis, which its next target located at 1.2923.
We should note that breaching 1.3128 will stop the expected decline and push the price to turn to rise.
Expected trading range for today is between 1.2923 support and 1.3100 resistance.
Expected trend for today: Bearish
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