The USD/CAD shows additional rise – Analysis – 18/04/2023

usd_cad_news_prognozThe USDCAD pair leaned on 1.3350 level and bounced upwards clearly, to head towards achieving expected gains in the upcoming sessions, noting that the first target is located at 1.3430, which breaching it represents the key to achieve rally towards 1.3500 direct.

Therefore, the bullish bias will be suggested for today, noting that breaking 1.3370 followed by 1.3350 levels will stop the expected rise and press on the price to resume the main bearish track again.

The expected trading range for today is between 1.3330 support and 1.3470 resistance.

The expected trend for today: Bullish

Origin: Economies

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