USDCAD surpasses the first target – Analysis - 17-5-2018
Economies.com
2018-05-17 01:56AM UTC
The USDCAD pair traded with clear negativity yesterday to surpass 1.2800 level and settles below it, which supports the continuation of our bearish trend expectations efficiently in the upcoming period, and the way is open for visiting 1.2717 that represents our next main target.
Therefore, we wait for more of the downside moves for today, conditioned by holding below 1.2800-1.2830.
Expected trading range for today is between 1.2700 support and 1.2830 resistance.
Expected trend for today: Bearish
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