Forex

The USDCAD approaches the resistance – Analysis - 19-03-2019

2019-03-19 05:06:12 GMT (Economies.com)

The USDCAD pair provided positive trades yesterday to approach the key resistance 1.3382, starting today with bearish bias to move below the EMA50 again, supported by the negative signal that appears through stochastic, which supports the continuation of our bearish overview, reminding you that our main targets begin at 1.3260 and extend to 1.3128.

 

The continuation of the suggested bearish wave depends on the price stability below 1.3382, as breaching it will lead the price to recover and achieve gains that start at 1.3460.

 

The expected trading range for today is between 1.3230 support and 1.3380 resistance.

The expected trend for today: Bearish

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