USDCAD attempts to recover – Analysis - 14-01-2019
Economies.com
2019-01-14 04:59AM UTC
The USDCAD pair provided positive trades in the previous sessions to complete forming double bottom pattern that appears on the chart, which leads the price to achieve expected gains in the upcoming period, targeting testing 1.3335 followed by 1.3382 areas mainly before turning back to the main bearish track again.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.3255 will stop the expected rise and push the price to resume the main bearish trend again.
Expected trading range for today is between 1.3200 support and 1.3380 resistance.
Expected trend for today: Bullish
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