USDCAD breaks the support – Analysis - 09-07-2018
Economies.com
2018-07-09 03:53AM UTC
The USDCAD pair ended last week negatively to break 1.3128 and settles below it, starting to press on the bullish channel’s support line to move below it now, which stops the recently suggested positive scenario and push the price to decline, targeting visiting 1.2923 level as a next main station.
Therefore, the bearish trend will be expected for today unless the price managed to breach 1.3128 level and hold above it again.
Expected trading range for today is between 1.3000 support and 1.3150 resistance.
Expected trend for today: Bearish
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