The USDCAD reaches the extended target – Analysis - 10-05-2021
Economies.com
2021-05-10 00:25AM UTC
The USDCAD pair provided additional negative trades to reach the thresholds of the waited extended target at 1.2100, and we expect the continuation of the bearish trend domination on the short term and medium term basis, to reach the next target at 1.2000.
Holding above 1.2230 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts and head towards 1.2365 areas before any new negative attempt.
The expected trading range for today is between 1.2040 support and 1.2180 resistance.
The expected trend for today: Bearish
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