The USDCAD keeps its positive stability – Analysis - 13-04-2022

The USDCAD pair provided temporary negative trades yesterday to test 1.2590 level, and bounced bullishly from there to support the continuation of the bullish overview, waiting for more rise to head towards our next main target at 1.2725.

The EMA50 supports the suggested positive scenario, which will remain valid conditioned by the price stability above 1.2590.

The expected trading range for today is between 1.2590 support and 1.2725 resistance.

The expected trend for today: Bullish