The USDCAD hits the first target – Analysis - 24-05-2019

Economies.com
2019-05-24 00:43AM UTC

The USDCAD pair succeeded to achieve our initial target at 1.3490 and settle near it, waiting for breaching this level to get a positive motive that reinforces the chances for the continuation of the bullish trend on the intraday and short basis, and its next target extend to reach.

 

Therefore, we will keep our bullish trend expectations for today, unless breaking 1.3382 level and holding with a daily close below it.

 

The expected trading range for today is between 1.3400 support and 1.3550 resistance.

The expected trend for today: Bullish

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