USDCAD pair ended ON Friday trading with clear negativity to attack 1.2985 level, as the price found difficulty to surpass the EMA50, which hints the stop of the correctional bullish wave that started from the previously recorded low at 1.2459, to return to resume its main bearish track again.
I expect the domination of the bearish trend in the upcoming sessions, and the main target is represented by visiting the above mentioned low, taking into consideration that breaching 1.2985 followed by 1.3020 levels will reactivate the correctional bullish scenario that its next target located at 1.3310.
Expected trading range for today is between 1.2860 support and 1.3100 resistance.
Expected trend for today: Bearish
I expect the domination of the bearish trend in the upcoming sessions, and the main target is represented by visiting the above mentioned low, taking into consideration that breaching 1.2985 followed by 1.3020 levels will reactivate the correctional bullish scenario that its next target located at 1.3310.
Expected trading range for today is between 1.2860 support and 1.3100 resistance.
Expected trend for today: Bearish
Trade active:
1.28628 TP point
Trade closed: target reached:
perfect call..........