USDCAD gets the positive momentum – Analysis - 12-10-2018

2018-10-12 04:10:09 GMT (Economies.com)
USDCAD gets the positive momentum – Analysis - 12-10-2018
 

The USDCAD pair shows some slight bearish bias to approach testing 1.3000 level, accompanied by stochastic reach to the oversold areas’ thresholds, which forms positive motive that we are waiting to assist to push the price to resume the bullish trend, which targets 1.3128 level as a next main station.

 

Therefore, we will keep our bullish overview, supported by the EMA50, unless breaking 1.2965 – 1.2923 levels and holding below them.

 

Expected trading range for today is between 1.2965 support and 1.3123 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1384
0.0073
0.6436%
1.2656
0.0058
0.4636%
14.693
0.129
0.886%
46.797
-4.413
8.617%
56.54
0.23
0.41%
1250.450
12.200
0.985%
 
 
Live Forex Updates