USDCAD is stable – Analysis - 08-12-2017
Economies.com
2017-12-08 04:58AM UTC
The USDCAD pair settles around 1.2850 level after the bullish rally that it witnessed in the previous sessions, waiting for more rise to test 1.2927 level, noting that breaching this level will push the price to extend its bullish correction towards 1.3131 as a next main station.
In general, the bullish trend will remain expected for the upcoming period unless breaking 1.2723 level and holding below it, as this break will push the price to resume its main bearish track again and stop the current bullish correction.
Expected trading range for today is between 1.2770 support and 1.2950 resistance.
Expected trend for today: Bullish
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