USDCAD suffers sharp losses – Analysis - 31-05-2018
Economies.com
2018-05-31 00:58AM UTC
The USDCAD pair faced strong negative pressure that pushed the price to break 1.2923 level and hold below it, attacking bullish channel’s support line now, which turns the intraday track to decline, targeting 1.2717 level as a next main station.
Therefore, the bearish bias will be suggested for the upcoming sessions unless we witnessed clear breach and hold above 1.2923.
Expected trading range for today is between 1.2790 support and 1.2940 resistance.
Expected trend for today: Bearish
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