USDCAD crawls upwards – Analysis - 13-12-2017
Economies.com
2017-12-13 04:58AM UTC
The USDCAD provided calm positive trades yesterday to approach gradually to our first waited target at 1.2927, as it gets continuous positive support by the EMA50, reinforcing the chances of continuing the bullish bias in the upcoming sessions.
Therefore, our bullish overview will remain active on the intraday and short term basis, and breaching the mentioned level will push the price towards 1.3131 as a next station, while the price needs to settle above 1.2723 to guarantee achieving the suggested targets.
Expected trading range for today is between 1.2800 support and 1.2950 resistance.
Expected trend for today: Bullish
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