USDCAD retests – Analysis - 27-07-2018
Economies.com
2018-07-27 03:37AM UTC
The USDCAD pair retests the previously broken neckline of the double top pattern that appears on the chart, and the EMA50 forms negative pressure against the price, which keeps the negative effect of this pattern active, waiting to resume the bearish trend that its next target located at 1.2923.
Therefore, we will keep our bearish overview for the upcoming sessions unless we witnessed clear breach and hold above 1.3128.
Expected trading range for today is between 1.2970 support and 1.3228 resistance.
Expected trend for today: Bearish
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