USDCAD retests – Analysis - 05-10-2018
Economies.com
2018-10-05 04:26AM UTC
The USDCAD pair retests 1.2923 level and keeps the stability of the daily close below it, accompanied by witnessing clear overbought signals through stochastic, which supports the chances of resuming the bearish trend in the upcoming sessions, which its first main target located at 1.2717.
We should note that breaching 1.2923 and holding above it will turn the intraday and short term track to rise, to start the positive targets at 1.3128.
Expected trading range for today is between 1.2840 support and 1.3000 resistance.
Expected trend for today: Bearish
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