The USDCAD attempts to recover – Analysis - 17-09-2021
Economies.com
2021-09-17 04:36AM UTC
The USDCAD pair traded positively to surpass 1.2665, but it still below 1.2720, which keeps the chances valid to resume the expected bearish trend for the upcoming period, which its targets begin at 1.2600 and extend to 1.2495 after breaking the previous level.
Stochastic shows clear negative signals that support the expected decline, which will remain valid unless breaching 1.2720 and holding above it.
The expected trading range for today is between 1.2600 support and 1.2730 resistance.
The expected trend for today: Bearish
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