USDCAD approaches the target – Analysis - 21-06-2018
Economies.com
2018-06-21 03:54AM UTC
The USDCAD pair shows more rise to approach our main waited target at 1.3382, reinforcing the expectations of achieving more rise in the upcoming sessions, supported by the EMA50 that carries the price from below, being aware that we need to monitor the price when reaching the targeted level, as breaching it will extend the bullish wave on the medium term basis.
On the other hand, we should note that the continuation of the suggested bullish trend depends on holding above 1.3128.
Expected trading range for today is between 1.3230 support and 1.3400 resistance.
Expected trend for today: Bullish
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