Forex

The USDCAD is recovering – Analysis - 18-01-2021

2021-01-18 04:57:30 GMT (Economies.com)

The USDCAD pair rallied upwards strongly to breach 1.2688 and approaches the bearish channel’s resistance line that appears on the chart, to turn to rise and heads towards testing 1.2854 as a next positive target.

 

Therefore, the bullish trend will be expected for today unless breaking 1.2688 level and holding below it again.

 

The expected trading range for today is between 1.2710 support and 1.2854 resistance.

The expected trend for today: Bullish

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