Apr
24

USD/CAD D1 Technical April 24

USD/CAD is trading in a small range of 1.0200-90 level. Break of any level will clear the trend for the USD/CAD. There can be two scenario. First, If USD/CAD manage to break through its resistance and H4 candle close above 1.0290 level then it will provide a valid buy entry for the pair.

On the other hand, If pair fails to break 1.0290 level and H4 candle close below this level then it will indicate bearish strength and provide a valid sell entry.

High impact News can effect the trend of USD/CAD. News like BOC Gov Carney Speaks.

 

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