USDCAD retests – Analysis - 16-06-2017
Economies.com
2017-06-16 01:37AM UTC
The USDCAD pair retested 1.3310 level as we expected yesterday, noticing that the price keeps its stability below this level, which keeps the bearish trend scenario on the intraday and short term basis, supported by the EMA50.
Therefore, we will be waiting for negative trading in the upcoming sessions, and the next main target at 1.2985, reminding you that holding below 1.3310 represents an important condition for the continuation of the suggested bearish wave.
Expected trading range for today is between 1.3130 support and 1.3310 resistance.
Expected trend for today: Bearish
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