USDCAD resumes the decline – Analysis – 19/06/2017

com-l7The USDCAD pair bounced lower after testing 1.3310 level, to begin testing 1.3200 level now, reinforcing the expectations for the continuation of the bearish trend in the upcoming sessions, waiting for visiting 1.2985 level as a next main station.

Therefore, we will keep the bearish bias expected on the intraday and short term basis unless breaching 1.3310 level and holding with a daily close above it.

Expected trading range for today is between 1.3100 support and 1.3310 resistance.

Expected trend for today: Bearish

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Origin: Economies

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