The USDCAD keeps its positive stability – Analysis - 16-08-2019
Economies.com
2019-08-16 04:59AM UTC
The USDCAD pair provided positive trades yesterday to settle above 1.3300 barrier, and continues to move inside the bullish channel that appears on the chart, supported by the EMA50 that carries the price from below, to keep the bullish trend scenario valid and active for the upcoming period, waiting to visit 1.3430 level as a next target.
Note that the continuation of the expected bullish wave depends on the price stability above 1.3286 and 1.3245 levels.
The expected trading range for today is between 1.3240 support and 1.3400 resistance.
The expected trend for today: Bullish
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