Forex

The USDCAD keeps its positive stability – Analysis - 16-09-2020

2020-09-16 03:44:26 GMT (Economies.com)

The USDCAD pair consolidates well above the EMA50, to keep the positive effect of the double bottom pattern active, waiting to resume the bullish trend to head towards 1.3362 as a next positive target.

 

Therefore, we will keep our bullish overview conditioned by the price stability above 1.3110, as breaking this level will press on the price to return to the main bearish trend again.

 

The expected trading range for today is between 1.3110 support and 1.3250 resistance.

The expected trend for today: Bullish

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