USDCAD within tight track – Analysis - 10-10-2017
Economies.com
2017-10-10 03:43AM UTC
The tight range dominated the USDCAD pair's trading yesterday affected by the US and Canadian markets' holidays, and the price fluctuates near the EMA50 settling above it, which forms positive motive that continues to push the price upwards.
Therefore, no news on the expected bullish trend scenario that depends on holding above 1.2470 level, organized inside the intraday bullish channel that appears on chart, reminding you that our next main target is located at 1.2723, which represents 38.2% Fibonacci correction level for the decline measured from 1.3793 to 1.2061.
Expected trading range for today is between 1.2470 support and 1.2630 resistance.
Expected trend for today: Bullish
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