The USDCAD declines calmly – Analysis - 20-11-2020
Economies.com
2020-11-20 04:46AM UTC
The USDCAD pair returns to decline after the temporary rise that it witnessed yesterday, waiting for more negative trades to achieve our negative targets that start at 1.3000 and extend to 1.2960.
The EMA50 keeps supporting the expected bearish wave, noting that breaching 1.3180 will stop the suggested decline and push the price to achieve new gains that reach 1.3362.
The expected trading range for today is between 1.2990 support and 1.3130 resistance.
The expected trend for today: Bearish
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