USD / CAD re-testing - Analysis - 24-11-2017
The USD / CAD pair is retesting the previously breached 1.2723, with Stochastic reaching overbought areas, noting that SMA 50 meets the mentioned level to add more strength to it.
Therefore, we believe that opportunities are available for resuming the downside move in the coming period, waiting to break the 1.2665 level to facilitate the move toward our first target at 1.2470, taking into account that a breach of 1.2723 - 1.2740 will stop the suggested decline and push the price to visit 1.2927 areas. .
The trading range for today is expected among 1.2620 support and 1.2780 support
The general trend for today is bearish
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