USDCAD crawls upwards – Analysis - 03-10-2017
Economies.com
2017-10-03 03:39AM UTC
The USDCAD pair trades with clam positivity moving away from 1.2670 level, and it begins to breach the intraday bullish channel’s resistance that appears in the image, which reinforces the expectations for the bullish trend continuation on the intraday and short term basis, and we believe that the way is open for visiting 1.2723 level as a next main station.
Therefore, the bullish bias will be preferred for today supported by the EMA50, pointing that holding above 1.2400 represents the most important condition for the continuation of the expected rise.
Expected trading range for today is between 1.2470 support and 1.2630 resistance.
Expected trend for today: Bullish
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