The USDCAD faces solid resistance – Analysis - 20-03-2020
Economies.com
2020-03-20 06:28AM UTC
The USDCAD pair found difficulty to surpass 1.4688 level, to rebound bearishly and begins bearish correction on the intraday basis, as it touched the first expected negative target at 1.4400 and moves below it now, confirming the continuation of the bearish bias in the upcoming sessions.
Therefore, the negative pressure will be suggested for today, and the second target is located at 1.4265, noting that breaching 1.4490 will stop the expected decline and leads the price to resume the main bullish track.
The expected trading range for today is between 1.4290 support and 1.4460 resistance.
The expected trend for today: Bearish
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