The USDCAD surpasses the target – Analysis - 24-09-2020
Economies.com
2020-09-24 03:25AM UTC
The USDCAD pair managed to achieve our waited target at 1.3362 and breached it to close the daily candlestick above it, which supports the expectations of extending the bearish wave on the intraday and short term basis, on its way to head towards 1.3450 that represents our next positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, noting that breaking 1.3362 and holding below it will press on the price to decline towards 1.3200 areas before any new attempt to rise.
The expected trading range for today is between 1.3320 support and 1.3470 resistance.
The expected trend for today: Bullish
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