USD/CAD: IPDA 60-Da Ranges For April 16, 2020

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If we look at the 4-hour chart of USD/CAD, there is a Liquidity Void (Black Rectangle) in the Premium Array area which must be filled by the loonie soon. This action will make the pair go down and reach the nearest target at 1.3855 as the first target and 1.3733 as the second target as long as USD/CAD does not rebound higher than above 1.4093.

The overall bias of USD/CAD is bearish.

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