USDCAD achieves strong gains – Analysis - 06-02-2018
Economies.com
2018-02-06 05:29AM UTC
The USDCAD pair resumed its bullish rally strongly yesterday to breach 1.2470 level and settles above it, which stops the recently suggested negative scenario and push the price to achieve more gains in the upcoming period, targeting heading towards 1.2717 level as a next main station.
Therefore, the bullish trend will be suggested for today unless breaking 1.2470 level and holding below it, as breaking this level will push the price back to its main bearish track that its first target located at 1.2295.
Expected trading range for today is between 1.2470 support and 1.2650 resistance.
Expected trend for today: Bullish
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