USDCAD hits the first target – Analysis - 09-10-2018

2018-10-09 04:22:52 GMT (Economies.com)
USDCAD hits the first target – Analysis - 09-10-2018
 

The USDCAD pair managed to touch our first waited target at 1.3000 and shows slight bearish bias from there, noticing that stochastic managed to get rid of its negativity to reach the oversold areas now, waiting to motivate the price to rebound bullishly to resume the bullish trend in the upcoming sessions.

 

Therefore, we will keep our bullish overview conditioned by the price stability above 1.2923, noting that our next target reaches 1.3128.

 

Expected trading range for today is between 1.2900 support and 1.3050 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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