The USD/CAD gets a positive signal – Analysis – 27/04/2023

news_22_feb_cad_usd_2The USDCAD pair settles above 1.3600 barrier, noticing that the price moves within bullish channel that supports the chances of achieving our waited positive target at 1.3680, waiting for more bullish bias in the upcoming sessions.

Stochastic overlaps positively now, waiting to motivate the price to resume the positive trades today, noting that breaching the targeted level will extend the bullish wave to reach 1.3800 areas, while breaking 1.3595 will stop the expected rise and push the price to test 1.3500 levels initially.

The expected trading range for today is between 1.3580 support and 1.3720 resistance.

The expected trend for today: Bullish

Origin: Economies

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