FX.co ★ USD/CAD analysis for April 13, 2022 - Potential for the bigger rally

Technical analysis:

USD/CAD has been trading upside as I expected. I still see potential for higher price and potential for bigger rally towards next upside reference points.

Trading recommendation:

Due to the upside pressure and no signs for the reversal, I see further rally on the USD/CAD.

Watch for buying opportunities on the pullbacks with the upside reference points at the 1.2770 and 1.2850.

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside continuation..

Support is set at the price of 1.2580