The USDCAD breaks the support – Analysis - 12-04-2021
Economies.com
2021-04-12 03:42AM UTC
The USDCAD pair broke the intraday bullish channel’s support line and settled below it, which leads the price to turn to decline and resume the main bearish trend again, to head towards achieving negative targets that start at 1.2465 and extend to 1.2365.
Therefore, the bearish bias will be expected for the upcoming sessions, noting that breaching 1.2565 and holding above it will stop the suggested decline and push the price to recover again.
The expected trading range for today is between 1.2475 support and 1.2610 resistance.
The expected trend for today: Bearish
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