The USDCAD keeps declining – Analysis - 03-06-2020
Economies.com
2020-06-03 03:33AM UTC
The USDCAD pair shows more decline to start attempts to break 1.3500 barrier, to keep the bearish trend scenario active on the intraday and short term basis, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 1.3450 and extend to 1.3362.
Stochastic begins to lose the positive momentum to support the expectations to decline, reminding you that the continuation of the negative scenario requires holding below 1.3612.
The expected trading range for today is between 1.3420 support and 1.3600 resistance.
The expected trend for today: Bearish
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