USDCAD tests the support – Analysis - 16-02-2018
Economies.com
2018-02-16 04:49AM UTC
The USDCAD pair fluctuates at the key support 1.2463 since yesterday, waiting to break this level to confirm extending the bearish wave to reach our next target at 1.2265, noting that the negative pressure formed by the EMA50 besides stochastic negative signal supports the chances of achieving the required break.
Therefore, we will keep our bearish overview for today unless breaching 1.2535 level and holding above it.
Expected trading range for today is between 1.2400 support and 1.2535 resistance.
Expected trend for today: Bearish
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