The USDCAD keeps its positive stability – Analysis - 23-05-2019
Economies.com
2019-05-23 01:00AM UTC
The USDCAD pair attempted to break 1.3382 level but it returned to settle above it, as it trades with clear positivity and attempts to surpass the EMA50, which keeps the bullish trend scenario active for the upcoming period, waiting to breach 1.3490 level to confirm opening the way to head towards our next target at 1.3700.
Note that breaking 1.3382 and holding below it will press on the price to turn to decline and head towards 1.3320 followed by 1.3200 levels on the near term basis.
The expected trading range for today is between 1.3360 support and 1.3510 resistance.
The expected trend for today: Bullish
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