USDCAD around the moving average – Analysis - 16-10-2017
Economies.com
2017-10-16 03:46AM UTC
The USDCAD pair fluctuates around the EMA50, finding difficulty to confirm breaking 1.2470 level, while the price keeps its stability below the previously broken support of the bullish channel that appears on chart.
Therefore, we will keep our bearish overview unless breaching 1.2485 level and holding above it, noting that our waited targets begin at 1.2300 and extend to reach 1.2061 on the short term basis.
Expected trading range for today is between 1.2380 support and 1.2540 resistance.
Expected trend for today: Bearish
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