USDCAD Intraday analysis on dated 01-06-2022

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USDCAD is a very popular currency pair. We look to buy this pair at 1.26000 area. The following details should be considered:

  • Previous support located at 1.26000
  • Previous resistance located at 1.27000
  • We expect a reversal in this move
  • Risk/Reward would be poor to call a buy from current levels
  • A move through 1.27000 will confirm the bullish momentum
Target TP 1.27000/1.28000