Forex

The USDCAD achieves strong gains – Analysis - 24-04-2019

2019-04-24 04:27:29 GMT (Economies.com)

The USDCAD pair rallied upwards strongly yesterday to breach 1.3382 level and settles above it, noticing that the price begins today with more rise to surpass key resistance at 1.3425, which confirms the turn to rise on the intraday and short term basis, targeting visiting 1.3500 followed by 1.3700 levels as next main stations.

 

Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 1.3382 level and holding below it.

 

The expected trading range for today is between 1.3380 support and 1.3540 resistance.

The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.