USDCAD approaches the first target – Analysis - 18-01-2019
Economies.com
2019-01-18 04:52AM UTC
The USDCAD pair approached our first waited target at 1.3335 and bounced bearishly to test the intraday bullish channel’s support line, noticing that the price begins today with slight bullish bias in attempt to move away from the mentioned support.
Therefore, the bullish trend will remain suggested for today unless breaking 1.3240 level and holding below it, reminding you that our next main target reaches 1.3382.
Expected trading range for today is between 1.3230 support and 1.3370 resistance.
Expected trend for today: Bullish
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