The USDCAD keeps its negative stability – Analysis - 01-04-2020
Economies.com
2020-04-01 04:51AM UTC
The USDCAD pair attempted to breach 1.4264 level yesterday but it bounced downwards strongly to touch 1.4015 level again, noticing that the price finds solid support there, waiting to get enough negative motive to push the price to break this level and rally towards our next correctional target that reaches 1.3813.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.4264 level and holding above it, noting that the EMA50 keeps supporting the suggested bearish wave.
The expected trading range for today is between 1.4000 support and 1.4200 resistance.
The expected trend for today: Bearish
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