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The USDCAD declines again – Analysis - 21-05-2020
The USDCAD pair provided negative trading to approach from the horizontal support that appears in the image, reinforcing the expectations for the continuation of the bearish trend in the upcoming sessions, and its targets begin at 1.3813.
The EMA50 keeps supporting the suggested bearish wave, pointing that breaking the mentioned level will extend the bearish wave to reach 1.3611 on the near term basis, while the expected decline will remain valid unless breaching 1.4015 level and holding above it.
The expected trading range for today is between 1.3810 support and 1.3980 resistance.
The expected trend for today: Bearish
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The USDJPY faces negative pressure – Analysis - 21-05-2020
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