USDCAD breaches the resistance – Analysis - 07-02-2019

2019-02-07 05:18:51 GMT (Economies.com)
USDCAD breaches the resistance – Analysis - 07-02-2019
 

The USDCAD pair rallied upwards yesterday to breach 1.3200 level and settles above it, which pushes the price to achieve more expected gains in the upcoming period, paving the way to head towards 1.3382 that represents our next positive target.

 

Therefore, we are waiting for more rise in the upcoming sessions supported by moving above the EMA50, noting that holding above 1.3200 is important to continue the suggested bullish bias.

 

The expected trading range for today is between 1.3180 support and 1.3330 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1244
-0.0066
0.5818%
1.2997
-0.0082
0.6307%
15.005
0.020
0.134%
64.010
0.218
0.343%
71.97
0.35
0.49%
1275.700
-15.150
1.174%
 
 
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