The USDCAD gathers the positive momentum – Analysis - 04-05-2022
Economies.com
2022-05-04 04:12AM UTC
The USDCAD pair shows negative trades since yesterday to test the intraday bullish trend line now, noticing that stochastic got rid of its negativity to show oversold signals now, waiting to motivate the price to resume the main bullish trend, reminding you that our next target reaches 1.2950.
Holding above 1.2810 is important to continue the expected rise, as breaking it will press on the price to test 1.2725 areas before any new attempt to rise.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bullish
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