The USDCAD under the negative pressure – Analysis - 14-04-2022

The USDCAD pair bounced downwards strongly to break 1.2590 level and settles below it, which puts the price under expected additional negative pressure in the upcoming sessions, on its way to achieve decline that its next main target reaches 1.2480.

Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.2590 and hold above it again.

The expected trading range for today is between 1.2490 support and 1.2610 resistance.

The expected trend for today: Bearish