Forex

The USDCAD around the moving average – Analysis - 23-04-2019

2019-04-23 04:12:13 GMT (Economies.com)

The USDCAD pair shows some slight bullish bias on its way towards a potential test to the key resistance 1.3382, affected by stochastic positivity, and as long as the price is below this level, our bearish overview will remain active, which targets 1.3265 followed by 1.3128 levels as next main stations.

 

On the other hand, we should note that confirming breaching 1.3382 will lead the price to achieve gains that start at 1.3500 and extend to 1.3700 on the short term basis.

 

The expected trading range for today is between 1.3270 support and 1.3420 resistance.

The expected trend for today: Bearish

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