USDCAD needs the positive momentum – Analysis - 02-05-2017
Economies.com
2017-05-02 04:38AM UTC
The USDCAD pair fluctuates within the tight range settled near 1.3660, affected by stochastic negativity that decelerates the bullish wave, which might cause more of the sideways trading until gaining enough positive momentum to push the trading to rise.
In general, the bullish trend scenario remains active if the price settled above 1.3574 level, supported by the EMA50, reminding you that our main target located at 1.3836.
Expected trading range for today is between 1.3574 support and 1.3750 resistance.
Expected trend for today: Bullish
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