USDCAD breaches the resistance – Analysis - 21-02-2017
Economies.com
2017-02-21 05:23AM UTC
The USDCAD pair achieved a breach to the bearish channel’s resistance that appears in the image, where it begins today with clear positivity moving away from the breached level that turns into support now at 1.3085, which leads the price to rise temporarily on the intraday basis, targeting testing 1.3310 level mainly.
Therefore, the bullish bias will be preferred in the upcoming sessions, pointing that breaking 1.3085 level will stop the suggested positive scenario and turns the price back to the main bearish track.
Expected trading range for today is between 1.3080 support and 1.3250 resistance.
Expected trend for today: Bullish
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