Forex

The USDCAD faces negative pressure – Analysis - 18-09-2020

2020-09-18 03:30:09 GMT (Economies.com)

The USDCAD pair bounced bearishly after approaching 1.3250 areas, to fluctuate around the EMA50 again, noticing that stochastic gains the positive momentum clearly, to support the chances of resuming the expected bullish trend in the upcoming period, which targets 1.3362 level mainly.

 

Therefore, our bullish overview will remain valid unless breaking 1.3110 level and holding below it.

 

The expected trading range for today is between 1.3100 support and 1.3250 resistance.

The expected trend for today: Bullish

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