The USDCAD builds a bullish track – Analysis - 25-03-2019

Economies.com
2019-03-25 05:20AM UTC

The USDCAD pair breached 1.3382 level and settled above it, to turn the intraday track to rise, as the recent trades are organized within bullish channel that appears on the chart, which opens the way to achieve more rise to visit 1.3580 areas initially.

 

Therefore, the bullish bias will be suggested for today supported by the EMA50, unless breaking 1.3382 level and holding below it again.

 

The expected trading range for today is between 1.3370 support and 1.3500 resistance.

The expected trend for today: Bullish

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