USD CAD - H4

In the 4-hour chart in the USD CAD currency pair, we see the price falling during the last 5 months. The drop in prices was due to political and economic news and issues related to the Corona virus and its impact on the global economy. For the future of the market, we predict 2 movement modes. In the first case, due to the formation of a support line for the price, we expect the price to come out of the downtrend and move towards the price targets of 1.3586 and 1.3830. For the second price movement, we expect the price to not be able to cross the resistance line and continue its downward trend until reaching the price of 1.2928.



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