USDCAD hits the first target – Analysis - 21-11-2018
Economies.com
2018-11-21 05:12AM UTC
The USDCAD pair rallied upwards strongly to succeed touching our first waited target at 1.3300, as it leaned well on the bullish channel’s support line, and the way is open to continue rising to achieve our next target at 1.3382.
The EMA50 keeps supporting the price from below, to continue suggesting the bullish trend for today unless breaking 1.3260 level and holding below it, as breaking this level might push the price to test 1.3128 areas again before any new attempt to rise.
Expected trading range for today is between 1.3260 support and 1.3382 resistance.
Expected trend for today: Bullish
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