USDCAD approaches the target – Analysis - 03-09-2018
Economies.com
2018-09-03 04:19AM UTC
The USDCAD pair rallied upwards strongly on last Friday to approach our main waited target at 1.3128, noticing that the price faces cluster of resistance lines that appear on the chart, which might cause slowness at the rise in the upcoming sessions.
Until now, the bullish trend scenario will remain active unless breaking 1.2923 level and holding below it, motivated by stochastic positivity, noting that surpassing the mentioned target will extend the pair’s gains to reach 1.3200 as a next main station.
Expected trading range for today is between 1.3000 support and 1.3140 resistance.
Expected trend for today: Bullish
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