The USDCAD records new highs – Analysis - 17-03-2020
Economies.com
2020-03-17 05:43AM UTC
The USDCAD pair surpassed the recently recorded high 1.3960 and settled above it, reinforcing the expectations of continuing the bullish trend on the short term and medium term basis, paving the way to head towards our next positive target that reaches 1.4130.
The EMA50 keeps supporting the bullish wave that moves organized inside the bullish channel that appears on the chart, noting that breaking 1.3900 will stop the bullish rally and presses on the price to start intraday bearish correction before resuming the expected bullish trend.
The expected trading range for today is between 1.3900 support and 1.4080 resistance.
The expected trend for today: Bullish
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