The USDCAD approaches the target – Analysis - 27-04-2021
Economies.com
2021-04-27 01:22AM UTC
The USDCAD pair declined strongly yesterday to break 1.2400 and approach our waited target at 1.2365, which support the continuation of the bearish trend scenario on the intraday and short term basis, noting that surpassing the mentioned level will push the price to 1.2300 as a next target.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 1.2440 and holding above it.
The expected trading range for today is between 1.2330 support and 1.2450 resistance.
The expected trend for today: Bearish
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