The USDCAD gathers the positive momentum – Analysis - 30-06-2020
Economies.com
2020-06-30 04:48AM UTC
The USDCAD pair shows sideways and tight trading since yesterday, keeping its stability above 1.3612, noticing that stochastic gathers the positive momentum gradually to reach the oversold areas, while the EMA50 forms continuous positive support to the price.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 1.3612, reminding you that our main expected target reaches 1.3813.
The expected trading range for today is between 1.3600 support and 1.3750 resistance.
The expected trend for today: Bullish
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