Daily Analysis 5/1/2022

DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

DAILY USD/CAD

Support & Resistance: S1: 1.264
From the daily chart, the price has rise after touching the support level. Traders can trade long position and take profit at the resistance level.

TRADING TIPS


Long Position

1.272

1.280

1.264