The USDCAD leans on the support base – Analysis - 06-05-2019
Economies.com
2019-05-06 02:28AM UTC
The USDCAD pair tested the previously breached resistance that turns into minor support at 1.3415 and bounced upwards clearly from there, which supports the continuation of the bullish trend expectations on the intraday and short term basis, noticing that stochastic provides positive overlapping signal that we are waiting to motivate the price to achieve more rise.
Our expected targets begin at 1.3500 and extend to 1.3700, noting that it is important to hold above 1.3382 to continue the suggested bullish trend.
The expected trading range for today is between 1.3415 support and 1.3550 resistance.
The expected trend for today: Bullish
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