The USDCAD is stable – Analysis - 05-06-2020
Economies.com
2020-06-05 04:36AM UTC
The USDCAD pair approached our first waited target at 1.3450 yesterday and returned to fluctuate around 1.3500, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish trend for the upcoming sessions, which its targets extend to 1.3362 after surpassing the first target.
Therefore, we will continue to suggest the bearish trend that gets continuous support by the EMA50, reminding you that it is important to settle above 1.3612 to continue the expected decline.
The expected trading range for today is between 1.3420 support and 1.3580 resistance.
The expected trend for today: Bearish
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