The USDCAD needs the positive momentum – Analysis - 11-05-2022
Economies.com
2022-05-11 03:57AM UTC
The USDCAD pair provided additional positive trades yesterday to touch 1.3040 level, facing temporary negative pressure affected by stochastic negativity, waiting to get positive momentum that assist to push the price to resume the main bullish trend, which its next target located at 1.3100.
Therefore, our bullish overview will remain valid conditioned by the price stability above 1.2950.
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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