USDCAD breaches the resistance – Analysis - 20-02-2018

Economies.com
2018-02-20 05:00AM UTC

The USDCAD pair surpassed 1.2565 level and settled with a daily close above it, which pushes the price to provide more positive trading in the upcoming sessions, targeting testing 1.2655 followed by 1.2717 levels mainly.

 

Therefore, the bullish trend will be suggested for today, supported by the EMA50, unless the price broke 1.2565 level and settled below it, noting that we will be waiting for a bearish rebound to resume the main bearish trend after touching the above mentioned targets.

 

Expected trading range for today is between 1.2500 support and 1.2680 resistance.

 

Expected trend for today: Bullish

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