The USDCAD recovers – Analysis - 17-06-2019
Economies.com
2019-06-17 04:07AM UTC
The USDCAD pair traded with clear positivity on last Friday to move above 1.3400 barrier, noticing that the price leaned on 23.6% Fibonacci correction level for the entire rise measured from 1.2060 to 1.3665 to rebound bullishly and hint heading to resume the bullish trend on the short term and medium term basis.
Therefore, the bullish bias will be expected in the upcoming period unless breaking 1.3286 level and holding below it, noting that the expected targets begin at 1.3560 and extend to 1.3665 after breaching the previous level.
The expected trading range for today is between 1.3350 support and 1.3500 resistance.
The expected trend for today: Bullish
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