USDCAD resumes the decline – Analysis - 01-08-2018
Economies.com
2018-08-01 04:22AM UTC
The USDCAD pair provided negative trading yesterday after confirming the stability below 1.3060 level, to keep the negative effect of the double top pattern active, waiting for more decline to visit 1.2923 level mainly.
The EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 1.3060 followed by 1.3128 levels and hold above them.
Expected trading range for today is between 1.2923 support and 1.3075 resistance.
Expected trend for today: Bearish
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