USDCAD breaches the resistance – Analysis - 09-11-2018
Economies.com
2018-11-09 04:50AM UTC
The USDCAD pair managed to breach 1.3128 level and closed the daily candlestick above it, to activate the bullish trend scenario on the intraday and short term basis, organized by the bullish channel that appears on the chart, waiting to target 1.3300 followed by 1.3382 levels mainly.
The EMA50 supports the suggested positive scenario, which its continuation conditions holding above 1.3128 – 1.3105 levels.
Expected trading range for today is between 1.3120 support and 1.3270 resistance.
Expected trend for today: Bullish
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