USDCAD crawls towards the target – Analysis - 25-10-2017
Economies.com
2017-10-25 03:35AM UTC
The USDCAD pair resumed its positive trading to approach gradually from our main waited target at 1.2723, keeping the bullish trend valid and active for today, organized within the bullish correctional channel that appears in the image, and monitoring the price behavior important when reaching the targets level, where breaching it will cause an extension on the bullish correction on the short term basis to target 1.2927 levels.
Until now, we expect the continuation of the bullish trend domination in the upcoming sessions supported by the EMA50, unless breaking 1.2625 level and holding with a daily close below it.
Expected trading range for today is between 1.2600 support and 1.2750 resistance.
Expected trend for today: Bullish
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