The USDCAD breaks the support – Analysis - 16-06-2020
Economies.com
2020-06-16 04:45AM UTC
The USDCAD pair broke 1.3612 level strongly and ended yesterday below it, which stops the recently suggested positive scenario and press on the price to resume the main bearish track, organized inside the bearish channel that appears on the chart, on its way to head towards 1.3362 initially.
Therefore, the bearish trend will be expected for today unless the price rallied to breach 1.3612 and hold above it.
The expected trading range for today is between 1.3440 support and 1.3600 resistance.
The expected trend for today: Bearish
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