The USDCAD crawls downwards – Analysis - 17-11-2020
Economies.com
2020-11-17 05:27AM UTC
The USDCAD pair shows clam negative trades to crawl gradually towards our first waited negative target at 1.3000, to keep the bearish trend scenario valid and active on the intraday basis, noting that the main target is represented by testing the previously recorded low at 1.2960.
In general, we will continue to suggest the bearish bias unless the price rallied to breach 1.3170 and hold above it.
The expected trading range for today is between 1.2990 support and 1.3120 resistance.
The expected trend for today: Bearish
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