USDCAD attempts positively – Analysis - 15-03-2017

The USDCAD pair provided calm positive trading yesterday to approach from 1.3500 barrier, while stochastic continues the attempts of gaining the positive momentum on the daily time frame, waiting for motivating the price to continue the rise on the intraday and short term basis.

In general, we keep preferring the bullish trend in the upcoming sessions supported by the EMA50, targeting 1.3574 level as a next main station, and breaching it represents the rally key towards 1.3837 directly, pointing that holding above 1.3360 and 1.3310 levels represents an important condition for the continuation of the expected rise.

Expected trading range for today is between 1.3400 support and 1.3600 resistance.

Expected trend for today: Bullish