The USDCAD is below the moving average – Analysis - 23-04-2021
Economies.com
2021-04-23 01:12AM UTC
The USDCAD pair settles around 1.2500 level, falling under the negative pressure formed by the EMA50, which support the continuation of our bearish overview, which target 1.2365 level mainly.
Holding below 1.2595 is important to continue the expected decline, as breaching it will lead the price to start correctional bullish wave on the short term basis.
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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