USDCAD covers the losses – Analysis - 11-12-2018
Economies.com
2018-12-11 05:24AM UTC
The USDCAD pair rallied upwards strongly yesterday to breach 1.3382 level and settles above it again, and it leaned well on the bullish channel’s support line that appears on the chart, which brings the price back to the bullish track, targeting heading towards 1.3500 areas mainly.
Therefore, we suggest witnessing more rise in the upcoming sessions, taking into consideration that the continuation of the bullish trend conditions holding above 1.3382 and the most important above 1.3305.
Expected trading range for today is between 1.3350 support and 1.3500 resistance.
Expected trend for today: Bullish
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