Forex

The USDCAD breaks the support – Analysis - 19-07-2019

2019-07-19 04:55:05 GMT (Economies.com)

The USDCAD pair broke 1.3050 level and settled below it, moving inside intraday bearish channel that appears on the chart, which supports the chances of continuing the bearish bias in the upcoming sessions, on its way to achieve negative targets that start at 1.2960 and extend to 1.2863.

 

Therefore, the bearish trend will be expected for today unless the price managed to breach 1.3050 followed by 1.3090 levels and hold above them.

 

The expected trading range for today is between 1.2950 support and 1.3090 resistance.

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.