Forex

The USDCAD tests the moving average – Analysis - 15-09-2020

2020-09-15 03:22:33 GMT (Economies.com)

The USDCAD pair fluctuates around the EMA50 that continues to form good intraday support against the price, to protect the recently suggested positive scenario, waiting to get positive motive that supports rallying towards our expected target at 1.3362.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period affected by the previously completed double bottom pattern, noting that holding above 1.3110 is important to continue the expected rise.

 

The expected trading range for today is between 1.3100 support and 1.3240 resistance.

The expected trend for today: Bullish

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