The USDCAD recovers – Analysis - 17-07-2019
Economies.com
2019-07-17 02:59AM UTC
The USDCAD pair provided positive trading yesterday to breach 1.3050 level and settles above it, and on the other hand, the price completed forming falling wedge pattern that its signs appear on the chart, which hints the price head to achieve more gains in the upcoming sessions, on its way to visit 1.3200 followed by 1.3286 levels mainly.
Therefore, the bullish bias will be suggested for today unless breaking 1.3050 level and holding below it.
The expected trading range for today is between 1.3000 support and 1.3160 resistance.
The expected trend for today: Bullish
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