The USDCAD continues to fluctuate – Analysis - 20-01-2020
Economies.com
2020-01-20 05:56AM UTC
The USDCAD pair provided expected positive trades to move at the middle of the sideways range that appears on the chart, to keep the price stuck inside this range that its lines represented by 1.3039 support and 1.3092 resistance, which keeps the sideways move scenario valid until the price succeeds to breach one of these levels.
The contradiction between the EMA50 positivity and stochastic negativity provides another reason for the sideways fluctuation, while the details of the expected targets after breaching the mentioned levels explained in our previous report.
The expected trading range for today is between 1.2980 support and 1.3120 resistance.
The expected trend for today: Sideways
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