USDCAD gathers the positive momentum – Analysis - 29-11-2018
Economies.com
2018-11-29 05:30AM UTC
The USDCAD pair was few pips away from our main waited target at 1.3382 yesterday and bounced downwards strongly to test the bullish channel’s support line, noticing that the EMA50 protects trading inside this channel, while stochastic gathers the positive momentum clearly.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, waiting to head towards the above mentioned target, being aware that breaking 1.3240 will stop the expected rise and push the price to head towards 1.3128 direct.
Expected trading range for today is between 1.3200 support and 1.3360 resistance.
Expected trend for today: Bullish
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