The USDCAD below the moving average – Analysis - 23-07-2021
Economies.com
2021-07-23 03:48AM UTC
The USDCAD pair fluctuates within sideways track since yesterday, settling below the EMA50, to keep the negative pressure valid for the upcoming period, waiting to test 1.2475 as a next main target.
Stochastic loses its positive momentum gradually to support the expectations to decline, which will remain valid unless breaching 1.2650 and holding above it.
The expected trading range for today is between 1.2500 support and 1.2620 resistance.
The expected trend for today: Bearish
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