USDCAD awaits the confirmation – Analysis - 22-08-2018

The USDCAD pair settles at the bullish trend line that appears on the chart, which forms solid and important support at 1.3020, forming one of the key levels that represents the next trend keys besides 1.3160 resistance, to keep the price stuck between these levels, waiting to breach one of them to detect the next destination clearly.

We remind you that breaking the mentioned support will push the price to head towards 1.2923 as a first main station, while breaching the resistance will lead the price to achieve gains that start at 1.3200 and extend to 1.3382.

Expected trading range for today is between 1.2940 support and 1.3100 resistance.

Expected trend for today: Depends on the above mentioned levels