The USDCAD under the negative pressure – Analysis - 21-04-2022
Economies.com
2022-04-21 01:32AM UTC
The USDCAD pair broke 1.2590 level strongly and declined to touch 1.2480 direct, and we expect to break this level to open the way to achieve more expected decline in the upcoming period, on its way to visit 1.2365 areas on the near term basis.
Therefore, the bearish bias will be suggested on the intraday basis, noting that failing to break 1.2480 will lead the price to attempt to recover and test 1.2590 level initially.
The expected trading range for today is between 1.2410 support and 1.2550 resistance.
The expected trend for today: Bearish
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