USDCAD presses on the support – Analysis - 21-08-2018

Economies.com
2018-08-21 02:51AM UTC

The USDCAD pair continues to decline to reach the key support 1.3025, which represents one of the next trend keys besides 1.3165 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next targets clearly.

 

Therefore, our neutrality will remain valid until now, while the details of the expected targets after breaching the mentioned levels are explained in our last report.

 

Expected trading range for today is between 1.2940 support and 1.3120 resistance.

 

Expected trend for today: Depends on the above mentioned levels

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