The USDCAD crawls downwards – Analysis - 07-04-2020
Economies.com
2020-04-07 04:54AM UTC
The USDCAD pair provided negative trades yesterday to move away from 1.4264, to head towards our first waited target at 1.4015 gradually, moving inside the correctional bearish channel that appears on the chart, which supports the chances of breaking the mentioned level to open the way to visit 1.3813 as a next correctional target.
Therefore, the bearish trend scenario will remain valid on the intraday and short term basis conditioned by the price stability below 1.4264.
The expected trading range for today is between 1.4000 support and 1.4185 resistance.
The expected trend for today: Bearish
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