USD/CAD analysis for April 19, 2019

USD/CAD has been trading upwards in past few sessions. The price tested the level of 1.3400. We are expecting more upside on this currency pair.


According to the H4 time-frame, we found defined trading range between the price of 1.3400 (resistance) and 1.3285 (support). There is potential end of the downward correction (abc), which is sign that buying is on the way. Watch for potential breakout of the resistance (1.3400) to confirm further bullish continuation. The upward targets are seen at the price of 1.3447 and at the price of 1.3472.

The material has been provided by InstaForex Company -

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