Forex

The USDCAD keeps its negative stability – Analysis - 19-04-2019

2019-04-19 03:59:21 GMT (Economies.com)

The USDCAD pair showed new test to 1.3382 level and kept its stability below it, to keep the bearish trend scenario valid for the upcoming period, supported by the negative signal provided by stochastic, waiting to head towards 1.3245 followed by 1.3128 levels mainly.

 

We should note that breaching 1.3382 and holding above it will push the price to turn to rise and achieve positive targets that begin at 1.3500.

 

The expected trading range for today is between 1.3260 support and 1.3420 resistance.

The expected trend for today: Bearish

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