The USD / CAD pair rebounded after retesting 1.3310, as the pair started testing the 1.3200 level now, boosting expectations for a continuation of the bearish trend over the coming sessions, awaiting a visit to 1.2985 as the next major station.
The trading range for today is expected among 1.3100 support and 1.3310 resistance
The general trend for today is bearish
---------- Post added 06-20-2017 at 02:50 PM ---------- Previous post was 06-19-2017 at 10:13 PM ----------
USD / CAD is trading below 1.3310, and the pair is showing a slightly bearish trend on its way to the next major target at 1.2985.
Therefore, we will continue to bias the bearishness in the coming sessions, supported by the negative pressure formed by SMA 50, noting that the breach of 1.3310 will stop the suggested bearish trend and lead the price to achieve positive targets starting with testing the 1.3460 level.
---------- Post added 06-21-2017 at 02:01 AM ---------- Previous post was 06-20-2017 at 02:50 PM ----------
USD / CAD is trading below 1.3310, and the pair is showing a slightly bearish trend on its way to the next major target at 1.2985.
The trading range for today is expected among 1.3100 support and 1.3310 resistance