USDCAD resumes rising – Analysis - 20-11-2018

Economies.com
2018-11-20 03:58AM UTC

The USDCAD pair bounced bullishly yesterday after testing 1.3128 level, to settle inside the bullish channel again, which supports the continuation of our bullish overview in the upcoming period, which targets 1.3300 followed by 1.3382 levels as next main stations.

 

Holding above 1.3128 is important to continue the expected rise, as breaking it will push the price to decline towards areas that start at 1.3000 mainly.

 

Expected trading range for today is between 1.3100 support and 1.3250 resistance.

 

Expected trend for today: Bullish

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