The USDCAD faces solid resistance – Analysis - 11-04-2022

2022-04-11 02:04:42 GMT (Economies.com)
 

The USDCAD pair finds difficulty to confirm breaching 1.2590 level, to move below it now, noticing that stochastic gets rid of its negative momentum and approaches the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target reaches 1.2725.

 

Therefore, we will keep our bullish overview for the upcoming period, noting that breaking 1.2540 will put the price under intraday negative pressure to test 1.2480 before any new positive attempt.

 

The expected trading range for today is between 1.2520 support and 1.2650 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0370
-0.0071
0.6843%
1.2009
-0.0038
0.3196%
21.389
0.032
0.152%
78.706
4.277
5.746%
85.16
1.94
2.33%
1755.915
5.440
0.311%
 
 
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