USDCAD tests the support – Analysis - 24-04-2017
Economies.com
2017-04-24 04:25AM UTC
The USDCAD pair tests the bullish correctional channel’s support that appears in the image, where the price affected by stochastic current negativity, which might cause more of the sideways trading before resuming the bullish bias.
In general, we keep preferring the bullish trend unless breaking 1.3440 level and holding below it, where breaking this level will push the price to head to 1.3310 directly, while its waited positive target at 1.3574.
Expected trading range for today is between 1.3400 support and 1.3600 resistance.
Expected trend for today: Bullish
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