USDCAD tests the support – Analysis - 17-10-2018
Economies.com
2018-10-17 04:44AM UTC
The USDCAD pair tested the key support 1.2923 and bounced bullishly from there, motivated by the positive overlapping signal provided by stochastic, which keeps the bullish trend scenario valid for the upcoming period, waiting to breach 1.3000 level to confirm rallying towards 1.3128 as a next target.
On the other hand, we should note that breaking 1.2923 will stop the expected rise and push the price to decline towards 1.2800 followed by 1.2717 levels as initial negative stations.
Expected trading range for today is between 1.2900 support and 1.3060 resistance.
Expected trend for today: Bullish
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