USDCAD resumes rising – Analysis - 03-05-2017
Economies.com
2017-05-03 04:27AM UTC
The USDCAD pair traded with clear positivity yesterday to surpass 1.3700 barrier and it settles above this level, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, and the way is open for visiting 1.3836 level that represents our next main target.
The EMA50 continues to support the suggested bullish wave, and its continuation conditioned by holding above 1.3574 level.
Expected trading range for today is between 1.3650 support and 1.3836 resistance.
Expected trend for today: Bullish
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