USDCAD reaches the first target – Analysis - 21-02-2018
Economies.com
2018-02-21 05:08AM UTC
The USDCAD pair managed to reach our first target, represented by the bearish channel’s resistance that appears on the chart, starting today with more rise to breach this resistance and open the way to achieve our main target at 1.2717.
Therefore, the bullish trend will remain active in the upcoming sessions, being aware that it is important to monitor the price behavior when reaching the mentioned target, as breaching it will extend the pair’s gains to reach 1.2923 on the short term basis, while the expected rise will remain valid conditioned by the price stability above 1.2565.
Expected trading range for today is between 1.2600 support and 1.2750 resistance.
Expected trend for today: Bullish
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