USDCAD tests the support base – Analysis - 05-10-2017
Economies.com
2017-10-05 03:33AM UTC
The USDCAD pair fluctuates near 1.2470 level since yesterday, keeping its stability above it, where the EMA50 meets this level to strengthen it, while stochastic heads to the upside on the four hours’ time frame.
Therefore, we believe that the chances available for the continuation of the bullish trend in the upcoming sessions, and its targets begin at 1.2555 and extend to 1.2723, reminding you that holding above 1.2400 represents the most important condition for achieving the suggested targets.
Expected trading range for today is between 1.2400 support and 1.2570 resistance.
Expected trend for today: Bullish
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