The USDCAD tests the resistance – Analysis 18-10-2023

com-l7The USDCAD pair tested the key resistance 1.3680 and bounced bearishly from there, to keep the bearish trend scenario valid for the upcoming period, supported by stochastic negativity, waiting to visit 1.3570 followed by 1.3500 levels mainly.

Note that breaching 1.3680 will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 1.3560 support and 1.3690 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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