USD/CAD D1 Technical June 04

USD/CAD is showing mix trend. pair is trading in a range of 1.0250-1.0420 level. Break of any level will clear the trend.

Pair is expected to be in bullish mood above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullishness in the pair and USD/CAD will then target 1.0350-90 level respectively.

The scenario will be vanished. If USD/CAD didn’t  manage to hold 1.0280 level and H4 or D1 candle closure below support level will open gate towards south and pair will target then 1.0200 level.

High impact Data’s can affect the move of USD/CAD. Data’s like Trade Balance.

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