USDCAD touches the target – Analysis - 30-06-2017
Economies.com
2017-06-30 03:07AM UTC
The USDCAD pair succeeded to touch our main waited target at 1.2985 and settles there, hinting that the price is falling under negative pressure that we expect to push trading to break the mentioned level and extend the bearish wave on the longer term basis to reach 1.2765 followed by 1.2655 mainly.
Therefore, we will continue to suggest the bearish bias domination in the upcoming period, noting that holding below 1.3140 represents the first condition to continue the suggested negative scenario.
Expected trading range for today is between 1.2850 support and 1.3050 resistance.
Expected trend for today: Bearish
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