USDCAD needs the positive momentum – Analysis - 14-03-2017
Economies.com
2017-03-14 05:18AM UTC
The USDCAD pair didn’t show any strong move since yesterday, to remain stable near 1.3440 level, keeping its stability within the bullish channel that appears in the above chart, noticing that stochastic attempts to get rise of its negativity clearly heading to the oversold levels.
Therefore, these factors support the continuation of the bullish trend scenario in the upcoming period, and its next main target located at 1.3574, taking into consideration that the continuation of the expected rise depends on the stability above 1.3355 and 1.3310 levels.
Expected trading range for today is between 1.3355 support and 1.3574 resistance.
Expected trend for today: Bullish
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