USDCAD touches the target – Analysis - 25-06-2018
Economies.com
2018-06-25 03:48AM UTC
The USDCAD pair succeeded to touch our waited target exactly at 1.3382 and bounced bearishly from there, to achieve some temporary bearish correction, noticing that the price begins today with bullish bias that hints resuming the main bullish trend.
Therefore, we will keep our overall bullish overview supported by the EMA50, noting that breaching 1.3382 will extend the bullish wave to target 1.3500 areas on the near term basis, while breaking 1.3260 represents negative factor that might force the price to visit 1.3128 level before any new positive attempt.
Expected trading range for today is between 1.3230 support and 1.3400 resistance.
Expected trend for today: Bullish
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