USDCAD gathers the positive momentum – Analysis - 24-10-2017
Economies.com
2017-10-24 03:36AM UTC
The USDCAD pair keeps its stability above the correctional bullish channel's support that appears on chart, while stochastic gets rid of negativity clearly to head towards the oversold areas, which forms positive motive that we are waiting to assist to push the price to provide more positive trading in the upcoming sessions.
Therefore, we will keep our bullish overview on the intraday basis, and the next target is located at 1.2723, noting that the continuation of the expected rise depends on holding above 1.2595.
Expected trading range for today is between 1.2565 support and 1.2723 resistance.
Expected trend for today: Bullish
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