USDCAD tests the channel’s support – Analysis - 13-12-2018
Economies.com
2018-12-13 05:03AM UTC
The USDCAD pair provided more negative trading to test the bullish channel’s support, noticing that the EMA50 meets this support to add more strength to it, while stochastic shows positive overlapping signals now.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, and the price needs to breach 1.3382 to ease the mission of heading towards 1.350 that represents our next main station, noting that holding above 1.3325 is important to continue the suggested bullish trend.
Expected trading range for today is between 1.3300 support and 1.3450 resistance.
Expected trend for today: Bullish
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