USDCAD reaches the target – Analysis - 24-12-2018

2018-12-24 05:24:17 GMT (Economies.com)
USDCAD reaches the target – Analysis - 24-12-2018
 

The USDCAD pair rallied upwards strongly on last Friday to succeed reaching the bullish channel’s resistance that appears on the chart, accompanied by witnessing clear overbought signals through stochastic, which might force the price to show some temporary bearish rebound before resuming the bullish trend again.

 

In general, the overall bullish trend will remain valid conditioned by the price stability above 1.3382, noting that there is a chance to witness some decline on the intraday basis before resuming the rise that its targets begin by breaching 1.3615 to open the way to extend the bullish wave towards 1.3792.

 

Expected trading range for today is between 1.3500 support and 1.3660 resistance.

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1240
-0.0034
0.2972%
1.2446
-0.0129
1.0243%
16.012
0.794
5.218%
56.650
-3.683
6.104%
63.85
0.19
0.30%
1421.700
6.205
0.438%
 
 
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