USDCAD inside continuation pattern – Analysis - 07-03-2017
Economies.com
2017-03-07 05:17AM UTC
The USDCAD pair shows sideways trading, noticing that the last trading is confined within bullish pennant flag pattern appears in the minor image, which means that breaching 1.3415 resistance will activate the positive effect of this pattern, then leads the price to continue its short term bullish track.
Therefore, we keep preferring the bullish trend in the upcoming sessions, which gets continuous support from the EMA50, waiting for visiting 1.3574 level mainly, reminding you that holding above 1.3310 represents the most important condition for the continuation of the expected bullish trend.
Expected trading range for today is between 1.3310 support and 1.3500 resistance.
Expected trend for today: Bullish
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