A potential new low for the USD/ CADPublished On: 26 Apr 2021, 6:00 PM | Jason Chua, Dealer
- Looking at USD/ CAD daily chart, we could see that the pair has been trading on a downtrend since last year.
- The price has once again re-test the resistance trend line without a clear sign of breaking out.
- The trend remains short unless price could break above psychological level at around 1.27.
- Price reached sell zone for bears, who would ride on the trend for profit.
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