The USDCAD gets a negative signal – Analysis - 19-06-2020
Economies.com
2020-06-19 04:56AM UTC
The USDCAD pair continues to fluctuate at the key resistance 1.3612 and still below it, noticing that stochastic overlaps negatively, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which targets 1.3362 mainly.
On the other hand, we should note that breaching 1.3612 and holding above it will stop the expected decline and leads the price to visit 1.3813 before determining the next destination on the short term basis.
The expected trading range for today is between 1.3500 support and 1.3660 resistance.
The expected trend for today: Bearish
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