The USDCAD is stable – Analysis - 11-12-2019
Economies.com
2019-12-11 05:41AM UTC
The USDCAD pair settles below 1.3240 level, and the EMA50 forms a continuous negative pressure on the price, to support the expectations for the bearish trend continuation, and its initial target at 1.3155.
Therefore, the bearish trend scenario will remain valid for today, reminding you that surpassing the targeted level will push the price to 1.3015 as a next main target, while holding below 1.3295 represents an important condition for the continuation of the expected decline.
The expected trading range for today is between 1.3150 support and 1.3290 resistance.
The expected trend for today: Overall Bearish
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