The USDCAD attacks the support – Analysis - 06-04-2022
9 months ago

The USDCAD pair broke 1.2480 level strongly yesterday and reached 1.2400 level, but it bounced bullishly to settle above 1.2480 again, waiting to get new negative motive that assist to push the price to confirm the break and head towards 1.2365.


Until now, the bearish trend scenario still suggested conditioned by the price stability below 1.2525.


The expected trading range for today is between 1.2400 support and 1.2550 resistance.

The expected trend for today: Bearish

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