USDCAD resumes rising – Analysis - 12-02-2019

2019-02-12 05:15:43 GMT (Economies.com)
 

The USDCAD pair resumed its positive trading after the decline that it witnessed in the previous sessions, and it begins testing 1.3300 barrier, waiting for more rise to visit 1.3382 level that represents our next main target.

 

Stochastic and the EMA50 support the positive overview, while the price needs to hold above 1.3205 to guarantee the continuation of the suggested bullish bias.

 

The expected trading range for today is between 1.3205 support and 1.3380 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1073
0.0011
0.0999%
1.3155
0.0018
0.1401%
Tadawul
8120.01
21.27
0.26%
16.597
0.025
0.153%
58.955
-0.155
0.262%
64.19
-0.14
0.22%
1461.735
1.890
0.130%
 
 
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