The USDCAD keeps its positive stability – Analysis - 12-05-2022
Economies.com
2022-05-12 04:09AM UTC
The USDCAD pair traded with strong negativity yesterday to test the key support 1.2950, and bounced upwards clearly from there after consolidating against the negative pressure, to keep the main bullish trend scenario active for the upcoming period, waiting to head towards 1.3100 as a next main target.
The EMA50 continues to support the suggested bullish wave, reminding you that it is important to hold above 1.2950 for its continuation.
The expected trading range for today is between 1.2950 support and 1.3090 resistance.
The expected trend for today: Bullish
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