The USDCAD tests the support – Analysis - 26-03-2019
Economies.com
2019-03-26 05:09AM UTC
The USDCAD pair trades negatively since yesterday to test the key support base formed above 1.3382 after breaching it previously, accompanied by stochastic reach to the oversold areas, which forms positive motive that we are waiting to assist to push the price to resume the expected bullish wave on the intraday and short term basis, organized inside the bullish channel that appears on the chart.
Therefore, we will keep our positive overview conditioned by the price stability above 1.3382, noting that our targets begin at 1.3500 and extend to 1.3595.
The expected trading range for today is between 1.3330 support and 1.3480 resistance.
The expected trend for today: Bullish
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