The USDCAD crawls downwards – Analysis - 03-12-2020
Economies.com
2020-12-03 04:58AM UTC
The USDCAD pair continues to decline calmly to move away gradually from 1.2960, reinforcing the expectations of continuing the main bearish trend, which targets 1.2785 level as a next main station.
The EMA50 keeps pressing negatively on the price to support the expectations to decline, noting that the continuation of the bearish wave depends on the price stability below 1.2960 and the most important below 1.3035.
The expected trading range for today is between 1.2840 support and 1.2980 resistance.
The expected trend for today: Bearish
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