The USDCAD declines calmly – Analysis - 07-01-2020
Economies.com
2020-01-07 05:47AM UTC
The USDCAD pair crawls downwards calmly, in attempt to move away from the key resistance 1.3015, falling under continuous negative pressure coming by the EMA50, to keep the bearish trend scenario valid and active for the upcoming period, organized inside the bearish channel that has negative targets that start at 1.2925 followed by 1.2860, noting that the continuation of the bearish wave depends on the price stability below 1.3015 and 1.3050 levels.
The expected trading range for today is between 1.2860 support and 1.3015 resistance.
The expected trend for today: Bearish
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