The USDCAD resumes the decline – Analysis - 15-02-2021
Economies.com
2021-02-15 04:49AM UTC
The USDCAD pair bounced downwards strongly after testing the intraday bearish channel’s resistance, to approach our first waited target at 1.2635 now, waiting for more decline to visit 1.2590 as a next station.
Therefore, we will keep our bearish overview conditioned by the price stability below 1.2780.
The expected trading range for today is between 1.2590 support and 1.2710 resistance.
The expected trend for today: Bearish
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