USDCAD achieves good gains – Analysis - 19-12-2018
Economies.com
2018-12-19 04:47AM UTC
The USDCAD pair rallied higher strongly yesterday to test 1.3500 level, which supports the continuation of the expected bullish trend on the short term basis, which organizes within the bullish channel that appears in the image, pointing that the EMA50 protects the trading within this channel.
Therefore, we wait for more of the upside moves for today, and the waited target rises to 1.3600, while achieving it conditioned by holding above 1.3382 level.
Expected trading range for today is between 1.3380 support and 1.3550 resistance.
Expected trend for today: Bullish
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