USDCAD resumes rising – Analysis - 10-09-2018

Economies.com
2018-09-10 04:24AM UTC

The USDCAD pair tested 1.3128 level and bounced bullishly from there, to resume the bullish trend on the intraday and short term basis, approaching to test 1.3200 barrier now, noting that breaching this level will push the price towards our next main target that reaches 1.3382.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by the EMA50, conditioned by the price stability above 1.3128 – 1.3090 levels.

 

Expected trading range for today is between 1.3100 support and 1.3270 resistance.

 

Expected trend for today: Bullish

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