The USDCAD faces solid resistance – Analysis - 20-05-2019
Economies.com
2019-05-20 00:48AM UTC
The USDCAD pair attempted to breach 1.3490 level, without holding above it, to bounce lower and settle near the EMA50 again, noticing that stochastic gets rid of its negative momentum to approach from the oversold level, waiting for motivating the price to resume the positive attempts again.
Therefore, we keep preferring the bullish trend in the upcoming period, conditioned by holding above 1.3382 level, reminding you that our next main target reaches to 1.3700.
The expected trading range for today is between 1.3380 support and 1.3540 resistance.
The expected trend for today: Bullish
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