The USDCAD tests the resistance – Analysis - 22-03-2019
Economies.com
2019-03-22 05:17AM UTC
The USDCAD pair traded with clear positivity yesterday to test the key resistance 1.3382, noticing that the price keeps its stability below it until now, while stochastic shows overbought signals now.
Therefore, we believe that the chances are valid to resume the expected bearish trend on the intraday and short term basis, which its next main target located at 1.3128, while achieving it conditions holding below 1.3382.
The expected trading range for today is between 1.3270 support and 1.3420 resistance.
The expected trend for today: Bearish
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