The USDCAD keeps its negative stability – Analysis - 22-06-2020
Economies.com
2020-06-22 04:27AM UTC
The USDCAD pair begins to provide negative trades now in attempt to move away from 1.3612, to keep the bearish trend scenario valid and active for the upcoming period, supported by stochastic move near the overbought areas, waiting to head towards 1.3362 as a next main target.
Note that breaking 1.3550 will ease the mission of achieving the above mentioned target, while holding below 1.3612 represents key condition to continue the expected decline.
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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