USDCAD rises again – Analysis - 24-05-2018
Economies.com
2018-05-24 01:11AM UTC
The USDCAD pair rallied higher yesterday to breach 1.2835 level and approaches from the critical resistance at 1.2923, noticing that the price bounces lower clearly from there, in its way to resume the overall bearish trend, supported by the negative signal that comes from stochastic.
Therefore, we believe that the chances are available for the continuation of the bearish bias in the upcoming sessions, conditioned by holding below 1.2923 level, pointing that the main waited target reaches to 1.2717.
Expected trading range for today is between 1.2730 support and 1.2900 resistance.
Expected trend for today: Overall Bearish
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