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The USDCAD gains the positive momentum – Analysis - 30-05-2023
The USDCAD pair is facing negative pressure to test the intraday bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, accompanied by witnessing clear positive signals through stochastic.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which targets 1.3680 as a next main station, noting that breaking 1.3560 will put the price under additional negative pressure to test 1.3500 before any new positive attempt.
The expected trading range for today is between 1.3520 support and 1.3660 resistance.
The expected trend for today: Bullish
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The USDJPY keeps achieving the positive targets – Analysis - 30-05-2023
The USDJPY pair continued to rise to reach the thresholds of the extended target at 141.00, showing negative trades by today’s open to test the key support base 139.80, noting that the price needs to consolidate above this level to keep the bullish trend active for the upcoming period, which its targets extend to reach 141.50.
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