The USDCAD leans on the channel’s support – Analysis - 28-11-2019
Economies.com
2019-11-28 05:47AM UTC
The USDCAD pair’s decline stopped at the bullish channel’s support line that appears on the chart, to start bouncing bullishly and test 1.3295 barrier, to keep the bullish trend valid and active for the upcoming period, and the price needs to breach the mentioned level to confirm rallying towards 1.3380 as a next main station.
The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 1.340.
The expected trading range for today is between 1.3240 support and 1.3360 resistance.
The expected trend for today: Bullish
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