USDCAD Trading integrative in Forex market
2/27/2018 9:19:07 AM
The USDCAD pair expanded its overnight integrative price-action and stayed kept within a slim trading range, below the 1.2703 handle.
The pair might keep on to provoke some fresh supply near the 1.2703 handle above which a fresh bout of short-covering could boost it beyond YTD highs persistence near 1.2757 area towards 1.2790-1.2810 supply zone.
On the other hand, retracement slip below 1.2673-67 area is probable to get extended towards 120-day EMA support near the 1.2633-27 area, which if broken might turn the pair at risk to break below the 1.2605 handle and head towards testing 80-day EMA support near the 1.2537 area.
FOREX market analysis by FxErvin.