The USDCAD presses on the support – Analysis - 05-04-2022
Economies.com
2022-04-05 01:58AM UTC
The USDCAD pair attempts to break 1.2480 level, falling under continuous negative pressure coming by the EMA50, to keep our bearish overview that targets 1.2365 as a next main station.
Holding below 1.2525 represents the first condition to continue the suggested decline, as breaching it might push the price to test 1.2590 before any new negative attempt.
The expected trading range for today is between 1.2400 support and 1.2550 resistance.
The expected trend for today: Bearish
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