The USDCAD hits the extended targets – Analysis - 29-04-2021
Economies.com
2021-04-29 01:03AM UTC
The USDCAD pair declined strongly to succeed touching our extended target at 1.2300 and press negatively on it now, which support the chances of continuing the bearish trend on the short term and medium term basis, noting that the next target reaches 1.2210.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2430.
The expected trading range for today is between 1.2220 support and 1.2370 resistance.
The expected trend for today: Bearish
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