The USDCAD gets the positive momentum – Analysis - 26-04-2019
Economies.com
2019-04-26 04:07AM UTC
The USDCAD pair shows some slight bearish bias to move below 1.3500 barrier now, but we notice that stochastic got rid of its negative momentum to reach the oversold areas now, which supports the chances of bouncing bullishly to resume the expected bullish trend on the intraday and short term basis, which its next main target located at 1.3700.
The EMA50 supports the expectations to rise, which its continuation conditions holding above 1.3382.
The expected trading range for today is between 1.3400 support and 1.3570 resistance.
The expected trend for today: Bullish
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