USDCAD tests the support – Analysis - 07-09-2018
Economies.com
2018-09-07 03:38AM UTC
The USDCAD pair provided negative trading yesterday to test the key support 1.3128 and settles there now, which urges caution from the upcoming trading, as breaking this level followed by 1.3075 will put the price under negative pressure and turn the intraday and short term track to decline.
Until now, the bearish trend scenario will remain valid conditioned by the price stability above the above mentioned levels, reminding you that our main targets begin at 1.3200 and extend to 1.3382.
Expected trading range for today is between 1.3075 support and 1.3200 resistance.
Expected trend for today: Bullish
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