USDCAD tests the key support – Analysis - 15-12-2017
Economies.com
2017-12-15 04:57AM UTC
The USDCAD pair traded with clear negativity yesterday to test the key support 1.2723 and keeps its stability above it, as trades rebound bullishly to settle around the EMA50, and as long as the price is above the mentioned level, our bullish trend expectations will remain active, waiting to test 1.2927 level initially.
We should note that breaking 1.2723 will stop the expected rise and push the price back to the main bearish track again, to start the negative targets at 1.2665 and extend to 1.2470.
Expected trading range for today is between 1.2700 support and 1.2880 resistance.
Expected trend for today: Bullish
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