The USD/CAD within sideways track – Analysis – 04/05/2021

usd_cad_news_prognozThe USDCAD pair fluctuates within sideways track recently, and it needs to break 1.2270 to confirm the continuation of the main bearish trend, which target 1.2210 as a next station.

Until now, we still suggest the domination of the bearish trend on the intraday and short term basis conditioned by the price stability below 1.2365, noting that surpassing the mentioned target will extend the bearish wave to reach 1.2100 on the near term basis.

The expected trading range for today is between 1.2200 support and 1.2320 resistance.

The expected trend for today: Bearish

Origin: Economies

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply