The USDCAD recovers – Analysis - 30-01-2020

Economies.com
2020-01-30 05:48AM UTC

The USDCAD pair returns to rise to succeed breaching 1.3180 level and holding above it again, which supports the continuation of our bullish overview on the intraday and short term basis, and the way is open to test 1.3233 level that represents our next target, noting that surpassing this level will extend the bullish wave to reach 1.3320 as a next target.

 

Therefore, we will keep our bullish overview conditioned by the price stability above 1.3180.

 

The expected trading range for today is between 1.3140 support and 1.3280 resistance.

The expected trend for today: Bullish

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