The USDCAD declines strongly – Analysis - 22-04-2021
Economies.com
2021-04-22 00:42AM UTC
The USDCAD pair bounced downwards strongly to move away from the main bearish channel’s resistance, which keeps the main bearish trend scenario valid and active for the upcoming period, as it surpassed 1.2535 to confirm the continuation of the decline towards 1.2365 as a next main station.
Therefore, the bearish bias will remain expected for the upcoming sessions unless the price rallied to breach 1.2600 and hold above it.
The expected trading range for today is between 1.2430 support and 1.2560 resistance.
The expected trend for today: Bearish
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