Forex

The USDCAD approaches the target – Analysis - 22-09-2020

2020-09-22 04:05:01 GMT (Economies.com)

The USDCAD pair rallied upwards strongly yesterday to approach our waited target at 1.3362, reinforcing the expectations of continuing the bullish trend, noting that surpassing the mentioned level will extend the bullish wave to reach 1.3450 as a next main station.

 

The EMA50 continues to support the price from below, to keep the bullish bias suggested for the upcoming period unless breaking 1.3190 level and holding below it.

 

The expected trading range for today is between 1.3250 support and 1.3390 resistance.

The expected trend for today: Bullish

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