USDCAD returns to rise – Analysis - 18-05-2018
Economies.com
2018-05-18 01:17AM UTC
The USDCAD pair begins today’s trading with clear bullish bias to surpass 1.2800 – 1.2830 levels and attempt to settle above them, which hints the price head to achieve more rise in the upcoming sessions, targeting testing 1.2923 level mainly.
Therefore, the bullish bias will be suggested in the upcoming sessions unless the price managed to break 1.2780 level and hold below it, as breaking this level will push the price to return to its main bearish track that its targets begin by testing 1.2717 level.
Expected trading range for today is between 1.2780 support and 1.2923 resistance.
Expected trend for today: Bullish
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