The USDCAD approaches the positive target – Analysis - 13-05-2022
Economies.com
2022-05-13 04:28AM UTC
The USDCAD pair approached 1.3100 level yesterday, starting today with clear negativity to head towards potential test to the key support 1.2950, affected by stochastic negativity, noting that the EMA50 meets this support to add more strength to it, to keep the overall positive scenario valid for the upcoming period.
The expected targets of the bullish wave extend to 1.3150, noting that breaking 1.2950 will press on the price to test 1.2865 areas before any new attempt to rise.
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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