The USDCAD attacks the break – Analysis - 17-12-2019
Economies.com
2019-12-17 05:48AM UTC
The USDCAD pair provided clear negative trades yesterday and attempted to break 1.3155 level, but it could not manage to hold for long time below it, to move above it now, noticing that stochastic loses its positive momentum to reach the overbought areas, waiting to motivate the price to resume the negative attempts to confirm breaking the mentioned level.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the EMA50, reminding you that our next main target reaches 1.3015.
The expected trading range for today is between 1.3080 support and 1.3220 resistance.
The expected trend for today: Bearish
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