USDCAD Daily Analysis – Wednesday, April 1

USDCAD remains in the uptrend from 1.3920, the pullback from 1.4348 is likely corrective consolidation for the uptrend.

USDCAD remains in the uptrend from 1.3920, the pullback from 1.4348 is likely corrective consolidation for the uptrend. Another rise would likely be seen and a break of 1.4348 resistance could trigger another rise towards 1.4600.

Support is at 1.3920, only break below this level could take the price to next support level at 1.3730.

USDCAD 4-hour chart

Comments