The USDCAD breaks the support – Analysis - 11-09-2019
Economies.com
2019-09-11 05:02AM UTC
The USDCAD pair managed to break 1.3160 level and close the daily candlestick below it, reinforcing the expectations of continuing the decline in the upcoming sessions, and the way is open to achieve our waited target at 1.3105, noting that surpassing this level will push the price to 1.3050 as a next target.
Therefore, the bearish trend will be expected, supported by the EMA50, conditioned by the price stability below 1.3200.
The expected trading range for today is between 1.3060 support and 1.3200 resistance.
The expected trend for today: Bearish
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