The USDCAD attempts positively – Analysis - 10-08-2020
Economies.com
2020-08-10 03:36AM UTC
The USDCAD pair breached 1.3362 level and settled above it, to hint the attempt to turn to rise, but we notice that stochastic shows clear negative signals now, which might press on the price to decline again.
Therefore, this contradiction between the technical factors makes us prefer staying aside until the price confirms its situation according to 1.3362 level, as holding above it will push the price to achieve positive targets that start at 1.3500 and extend to 1.3612, while breaking it will press on the price to resume the main bearish trend that its next target located at 1.3200.
The expected trading range for today is between 1.3280 support and 1.3440 resistance.
The expected trend for today: Neutral
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