USDCAD returns to the channel – Analysis - 17-10-2017
Economies.com
2017-10-17 03:39AM UTC
The USDCAD pair traded with clear positivity yesterday to settle inside the correctional bullish channel again, which stops the recently suggested negative scenario and brings the price back to the correctional bullish track that its next target located at 1.2723.
Therefore, the bullish trend will be suggested in the upcoming sessions supported by the EMA50, noting that the expected rise will remain dominant until the price manages to break 1.2470 level and hold below it again.
Expected trading range for today is between 1.2470 support and 1.2650 resistance.
Expected trend for today: Bullish
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