USDCAD keeps rallying bullishly – Analysis - 08-02-2019

2019-02-08 05:06:47 GMT (Economies.com)
 

The USDCAD pair resumed its bullish rally strongly yesterday to surpass 1.3300 barrier and settles above it now, reinforcing the expectations of continuing the rise in the upcoming sessions, as the price approaches gradually to our main waited target at 1.3382.

 

Therefore, the bullish trend will remain suggested for today, taking into consideration that breaking 1.3285 might press on the price to achieve temporary decline that targets 1.3195 and might extend to 1.3128 areas before any new attempt to rise.

 

The expected trading range for today is between 1.3260 support and 1.3400 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1073
0.0011
0.0994%
1.3155
0.0018
0.1404%
Tadawul
8120.01
21.27
0.26%
16.593
0.021
0.124%
58.965
-0.145
0.245%
64.19
-0.14
0.22%
1461.795
1.950
0.134%
 
 
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