USDCAD approaches the support – Analysis - 10-10-2018

2018-10-10 04:35:04 GMT (Economies.com)
USDCAD approaches the support – Analysis - 10-10-2018
 

The USDCAD pair continues to decline to approach the key support 1.2923, and as long as the price is above this level, our bullish overview will remain active, as breaking it will press the price to decline again and head towards 1.2800 followed by 1.2717 levels as next main stations.

 

Note that the price needs to breach 1.3000 to ease the mission of heading towards our main positive target at 1.3128.

 

Expected trading range for today is between 1.2870 support and 1.3020 resistance.

 

Expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
1.1539
-0.0006
0.0541%
1.3136
0.0049
0.3779%
14.714
0.117
0.801%
70.800
-0.683
0.956%
80.60
-0.81
0.99%
1228.420
10.760
0.884%
 
 
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