USDCAD tests the channel’s support – Analysis - 16-11-2018
Economies.com
2018-11-16 05:05AM UTC
The USDCAD pair tests the bullish channel’s support line that carries the price from 1.2782 areas, noticing that stochastic reaches the oversold areas now, to provide positive motive that we are waiting to assist to push the price to resume the bullish trend, which its next main target located at 1.3382.
Therefore, we will keep our bullish overview conditioned by the price stability above 1.3128.
Expected trading range for today is between 1.3100 support and 1.3250 resistance.
Expected trend for today: Bullish
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