USDCAD tests the resistance – Analysis - 15-05-2018
Economies.com
2018-05-15 03:00AM UTC
The USDCAD pair tests the key resistance 1.2800 and keeps its stability below it until now, as the EMA50 meets the mentioned level to add more strength to it, while stochastic shows overbought signals.
Therefore, we are waiting for negative trading in the upcoming sessions, and the first target is located at 1.2717, noting that breaching 1.2800 will lead the price to visit 1.2923 level before any new negative attempt.
Expected trading range for today is between 1.2700 support and 1.2860 resistance.
Expected trend for today: Bearish
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