USDCAD reaches the target – Analysis - 04-09-2018
Economies.com
2018-09-04 04:15AM UTC
The USDCAD pair shows more rise to reach our waited target at 1.3128, getting positive support by stochastic, noticing that the price breaches the bearish channel’s resistance that appears on the chart, which hints the price head to achieve more gains in the upcoming period, waiting to breach the mentioned level to confirm extending the bullish wave towards 1.3200 followed by 1.3382.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 1.3045 level and holding below it, as breaking this level might push the price to test 1.2923 areas before any new attempt to rise.
Expected trading range for today is between 1.3045 support and 1.3200 resistance.
Expected trend for today: Bullish
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