USDCAD needs a positive motive – Analysis - 06-09-2018

Economies.com
2018-09-06 04:21AM UTC

The USDCAD pair keeps its stability above 1.3128 level, showing some slight bearish bias affected by stochastic negativity, while the EMA50 provides positive support to the price.

 

Therefore, our bullish overview will remain active conditioned by the price stability above 1.3128 and 1.3085 levels, noting that breaching 1.3200 will open the way to achieve our next target that extends to 1.3382.

 

Expected trading range for today is between 1.3100 support and 1.3270 resistance.

 

Expected trend for today: Bullish

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