USDCAD breaches the resistance – Analysis - 08-10-2018

2018-10-08 05:37:33 GMT (Economies.com)
USDCAD breaches the resistance – Analysis - 08-10-2018
 

The USDCAD pair traded positively on last Friday to breach 1.2923 level and settles above it, which stops the recently suggested positive scenario and push the price to rise in the upcoming period, waiting to achieve positive targets that start at 1.3000 and extend to 1.3128.

 

Therefore, we are waiting for more rise on the intraday basis unless breaking 1.2923 level and holding below it again.

 

Expected trading range for today is between 1.2900 support and 1.3050 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1584
0.0038
0.3335%
1.3156
0.0069
0.5257%
14.698
0.101
0.692%
71.710
0.227
0.317%
80.79
0.36
0.45%
1227.365
9.705
0.797%
 
 
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