USDCAD Trying to find stable way
1/22/2018 4:47:34 PM
During Forex market the USDCAD pair sustained with its effort to regain the key 1.2507 psychological mark and expanded its integrative price action over the early European session.
Bulls would be eyeing for a constant move beyond the 1.2507 handle, above which the pair is probable to dart towards 1.2547 intermediate hurdle on the way 120-day EMA barrier near the 1.2587 area.
On the weakness, any meaningful retracement is probable to find immediate support near the 1.2444 horizontal zone, which if broken could speed up the drop back towards the 1.2403 handle.
FOREX market analysis by FxErvin.