The USDCAD recovers – Analysis - 20-08-2019
Economies.com
2019-08-20 05:03AM UTC
The USDCAD pair rallied higher strongly yesterday to settle above 1.3286 again, which reactivate the bullish trend scenario that moves within the bullish channel that appears in the image, in its way to achieve positive targets that begin at 1.3400 and extend to 1.3565.
The EMA50 supports the price from below, keeping the bullish trend preferred in the upcoming sessions unless breaking 1.3286 then 1.3260 levels and holding below them.
The expected trading range for today is between 1.3265 support and 1.3400 resistance.
The expected trend for today: Bullish
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