USDCAD breaches the resistance – Analysis - 20-04-2017
Economies.com
2017-04-20 04:07AM UTC
The USDCAD pair rallied upwards strongly yesterday to breach 1.3430 level and settles above it, which turns the price to the bullish correctional channel, easing the way towards visiting 1.3574 level as a next first main station.
Therefore, the bullish trend will be preferred in the upcoming sessions supported by the EMA50, being aware that breaking 1.3430 level will stop the suggested rise and pushes the price to test 1.3310 then 1.3265 levels again.
Expected trading range for today is between 1.3400 support and 1.3574 resistance.
Expected trend for today: Bullish
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