USDCAD recovers – Analysis - 13-08-2018
Economies.com
2018-08-13 04:15AM UTC
The USDCAD pair traded with strong positivity on last Friday to breach 1.3128 level and settles above it, which stops the recently suggested negative scenario and push the price to achieve potential gains in the upcoming period, and it needs to breach 1.3195 level to confirm the continuation of the bullish trend that its next target located at 1.3382.
Therefore, the bullish bias will be suggested on the intraday basis, taking into consideration that breaking 1.3128 will stop the expected rise and put the price under the negative pressure again.
Expected trading range for today is between 1.3100 support and 1.3250 resistance.
Expected trend for today: Bullish
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