The USDCAD awaits confirmation signal – Analysis - 19-04-2022
9 months ago

The USDCAD pair provided slight positive trades in the previous sessions and returns to fluctuate near 1.2590, which makes us continue with our neutrality until now, waiting to get clearer signal for the next trend, which we will get through breaking the mentioned support or breaching 1.2640 resistance.


Note that breaching the mentioned resistance will push the price to resume the bullish wave that targets 1.2725 as a next station, while breaking the support will put the price under negative pressure that its next target reaches 1.2480.


The expected trading range for today is between 1.2540 support and 1.2670 resistance.

The expected trend for today: Neutral

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