The USDCAD is stable – Analysis - 28-04-2021
Economies.com
2021-04-28 00:29AM UTC
The USDCAD pair hovers around 1.2400 level, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the recently suggested bearish trend, which targets 1.2365 followed by 1.2300 levels.
Holding below 1.2435 is required to continue the expected decline, as breaching it will push the price to test 1.2580 before any new attempt to decline.
The expected trading range for today is between 1.2330 support and 1.2450 resistance.
The expected trend for today: Bearish
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