The USDCAD affected by the positive momentum – Analysis - 23-06-2020
Economies.com
2020-06-23 04:33AM UTC
The USDCAD pair shows some bullish bias now affected by stochastic positivity, noticing that the EMA50 forms good resistance against the price, to support the continuation of the recently suggested negative scenario.
Therefore, we are waiting for negative trades in the upcoming sessions, and the next main target is located at 1.3362, reminding you that it is important to hold below 1.3612 to continue the expected decline.
The expected trading range for today is between 1.3450 support and 1.3600 resistance.
The expected trend for today: Bearish
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