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Company does not offer investment advice and the analysis performed does not guarantee results

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.

Exchange Rates 19.04.2019 analysis

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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Petar Jacimovic,
Analytical expert
InstaForex Companies Group © 2007-2019
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