USDCAD tests the support – Analysis - 22-11-2018
Economies.com
2018-11-22 05:06AM UTC
The USDCAD pair traded with strong negativity yesterday to approach the bullish channel’s support line that appears on the chart, accompanied by stochastic entering the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.
Therefore, the overall bullish trend will remain active in the upcoming sessions, waiting to rebound bullishly to target 1.3382 level as a next main station, noting that breaking 1.3200 will force the price to achieve more decline to test 1.3128 before any new positive attempt.
Expected trading range for today is between 1.3150 support and 1.3320 resistance.
Expected trend for today: Bullish
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