FX.co ★ USD/CAD analysis for April 06, 2022 - Bigger rally in the play

Technical analysis:

USD/CAD has been trading upside today and I see potential for further upside continuation.Next upside references can bei n the play.

Trading recommendation:

Due to breakout of supply trend-line and strong reversal yesterday, I expect further upside movement.

Watch for potential buying opportunities on the dips using the intraday time-frames.

Upside objectives are set at 1.2590 and 1.2640

I found big divergence on the MACD oscillator, which is sign that supply lost lots of power and that rally can happen.

Key support is set at 1.2400