USDCAD- 07Apr2022
On the daily, USDCAD bounced to 20EMA + 1st resistance. We could expect it to face bearish pressure down from here.
On the H4, price bounced above 20EMA & 50MA. Price is at daily resistance hence we could expect USDCAD to drop to at least 1st Support 1.24855.
This is for personal work record purposes only, not financial advise or solicitation of trade.
On the daily, USDCAD bounced to 20EMA + 1st resistance. We could expect it to face bearish pressure down from here.
On the H4, price bounced above 20EMA & 50MA. Price is at daily resistance hence we could expect USDCAD to drop to at least 1st Support 1.24855.
This is for personal work record purposes only, not financial advise or solicitation of trade.