USDCAD tests the support – Analysis - 05-06-2018

Economies.com
2018-06-05 01:12AM UTC

The USDCAD pair tests the key support 1.2923 and still above it until now, which keeps our positive overview active on the intraday basis, reinforced by stochastic current positivity, waiting to head towards 1.3128 mainly, noting that breaking 1.2923 will push the price to test 1.2822 followed by 1.2717 levels on the near term basis.

 

Expected trading range for today is between 1.2880 support and 1.3050 resistance.

 

Expected trend for today: Bullish

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