USDCAD within sideways track – Analysis - 07-08-2018
Economies.com
2018-08-07 04:18AM UTC
The USDCAD pair fluctuates within sideways and tight track in the previous sessions, keeping its stability below 1.3060 level, to keep the negative effect of the double top pattern active, waiting to test 1.2923 level initially, noting that breaking this level will push the price towards 1.2717 as a next main station.
In general, the bearish bias will remain dominant unless we witnessed clear breach to 1.3060 and 1.3128 levels and holding above them.
Expected trading range for today is between 1.2900 support and 1.3060 resistance.
Expected trend for today: Bearish
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