USDCAD completes the positive formation – Analysis - 19-10-2018
Economies.com
2018-10-19 04:00AM UTC
The USDCAD pair managed to breach the neckline of the inverted head and shoulders’ pattern that appears on the chart and got a daily close above it, to get strong positive motive that supports the chances of continuing the expected bullish trend on the intraday and short term basis, which its targets begin by breaching 1.3128 to confirm the extension of the bullish wave towards 1.3382 as a next main station.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1.3000.
Expected trading range for today is between 1.3000 support and 1.3150 resistance.
Expected trend for today: Bullish
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