USDCAD suffers sharp losses – Analysis - 10-12-2018
Economies.com
2018-12-10 05:36AM UTC
The USDCAD pair faced strong negative pressure on last Friday to break 1.3382 level and declines sharply to start attacking the bullish channel’s support line that appears on the chart, which hints the price head for more decline in the upcoming sessions, noting that surpassing 1.3300 will confirm heading towards 1.3128 as a next negative station.
Therefore, the bearish bias will be suggested for today unless the price managed to rally upwards to breach 1.3382 level and hold above it.
Expected trading range for today is between 1.3220 support and 1.3380 resistance.
Expected trend for today: Bearish
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