The USDCAD gathers the positive momentum – Analysis - 15-05-2019
Economies.com
2019-05-15 01:01AM UTC
The USDCAD pair settles around the EMA50, and the recent trades are confined within symmetrical triangle that its resistance line located at 1.3495, thus, the price needs to breach this level to confirm opening the way to head towards 1.3700 on the near term basis.
Stochastic gathers the positive momentum to support the chances of achieving the required breach, which supports the continuation of our bullish trend expectations in the upcoming sessions, reminding you that the continuation of the expected rise requires holding above 1.3382.
The expected trading range for today is between 1.3400 support and 1.3560 resistance.
The expected trend for today: Bullish
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