USD/CAD D1 Technical June 19

USD/CAD is in bearish mood today. Bollinger bands are also showing sell signals for the pair. USD/CAD is expected to face its support at 1.0160 level today. If Pair manage to hold its support 1.0160 level and H4 candle closure above 1.0180 then pair will start moving towards northward.

Price action on 1.0160 level should be carefully watch. If USD/CAD fails to break this level and H4 candle chart closure below support level then pair will continue its bearish trend.

High impact Data’s can affect the move of USD/CAD. Data’s like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, BOC Gov Poloz Speaks.

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