The USDCAD is recovering – Analysis - 07-04-2022

Economies.com
9 months ago

The USDCAD pair rallied upwards clearly to move away from 1.2480 level, to head towards achieving expected gains on the intraday basis, approaching 1.2590 level now, noting that breaching this level will push the price to 1.2725 on the near term basis.

 

Moving above the EMA50 supports the suggested positive scenario, which will remain valid unless breaking 1.2480 and holding below it.

 

The expected trading range for today is between 1.2590 support and 1.2630 resistance.

The expected trend for today: Bullish

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