USDCAD tests the resistance – Analysis - 25-05-2018
Economies.com
2018-05-25 01:18AM UTC
The USDCAD pair returned to rise to test the key resistance 1.2923, and the price still below this level, which keeps the bearish trend scenario valid until now, waiting to head towards 1.2717 level that represents our first main target.
We should note that breaching 1.2923 will stop the expected decline and push the price towards 1.3000 followed by 1.3128 levels as main positive stations.
Expected trading range for today is between 1.2800 support and 1.2950 resistance.
Expected trend for today: Overall Bearish
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