USDCAD negotiates the resistance – Analysis - 10-04-2017
Economies.com
2017-04-10 04:14AM UTC
The USDCAD pair settles above the bullish correctional channel’s support, and it attempts to confirm surpassing the sideways range’s resistance that controls the last trading, while the EMA50 provides continuous positive support for the price.
Therefore, these factors encourage us to keep our bullish trend expectations on the intraday and short term basis, waiting for testing 1.3574 level mainly, being aware that breaking 1.3390 level will stop the expected rise and pushes the price to 1.3310 initially.
Expected trading range for today is between 1.3350 support and 1.3520 resistance.
Expected trend for today: Bullish
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