USDCAD reaches the target – Analysis - 21-05-2018
Economies.com
2018-05-21 01:43AM UTC
The USDCAD pair was few pips away from our waited target at 1.2923, showing bearish rebound from there, accompanied by stochastic reach to the overbought areas, which supports the chances of trading negatively in the upcoming sessions, targeting testing 1.2800 followed by 1.2717 levels mainly.
Therefore, the bearish trend will be expected on the intraday basis unless the price managed to breach 1.2923 level and hold with a daily close above it.
Expected trading range for today is between 1.2780 support and 1.2940 resistance.
Expected trend for today: Bearish
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