The USDCAD achieves strong gains – Analysis - 09-09-2020
Economies.com
2020-09-09 04:01AM UTC
The USDCAD pair rallied upwards strongly to breach the bearish channels’ resistance lines that appear on the chart and settled above 1.3200 barrier, as it completed forming double bottom pattern that its signs appear on the chart, which leads the price to turn to rise, on its way to achieve more positive targets that we expect to reach 1.3362.
Therefore, the bullish bias will be expected in the upcoming sessions, noting that the expected rise will remain valid unless breaking 1.3130 and holding below it.
The expected trading range for today is between 1.3160 support and 1.3320 resistance.
The expected trend for today: Bullish
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