The USDCAD tests the resistance – Analysis - 12-09-2019
Economies.com
2019-09-12 05:12AM UTC
The USDCAD pair provided clear positive trades yesterday to test the key resistance 1.3200, noticing that the price rebounds bearishly from there, to keep the bearish trend scenario valid and active until now, supported by stochastic and the EMA50 negativity, waiting to break 1.3160 level to open the way to visit 1.3105 level mainly.
Note that breaching 1.3200 will push the price to test 1.3285 level initially before any new attempt to decline.
The expected trading range for today is between 1.3240 support and 1.3100 resistance.
The expected trend for today: Bearish
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