USDCAD gathers momentum – Analysis - 23-10-2018
Economies.com
2018-10-23 04:10AM UTC
The USDCAD pair settles near 1.3128 level, noticing that stochastic begins to get rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the bullish trend and breach the mentioned level to confirm extending the bullish wave towards 1.3382 that represents our next main target.
Therefore, we will keep our bullish overview for today conditioned by the price stability above 1.3060 and 1.3030 levels.
Expected trading range for today is between 1.3030 support and 1.3170 resistance.
Expected trend for today: Bullish
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