USDCAD leans on the key support – Analysis - 19-11-2018

Economies.com
2018-11-19 05:04AM UTC

The USDCAD pair showed more negative trades to test the key support 1.3128, and the price keeps its stability above this level until now, noticing that stochastic provides positive signals now, to support the chances of resuming the bullish trend in the upcoming sessions.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 1.3128 level and holding below it, reminding you that our next main target reaches 1.3382.

 

Expected trading range for today is between 1.3100 support and 1.3250 resistance.

 

Expected trend for today: Bullish

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