The USDCAD keeps its negative stability – Analysis - 20-10-2021
1 year ago

The USDCAD pair tested 1.2365 level again and kept its stability below it, to keep the bearish trend active on the intraday and short term basis, supported by stochastic loss to the positive momentum, noting that our waited target is located at 1.2230.


The EMA50 supports the suggested decline, which will remain valid conditioned by the price stability below 1.2365.



The expected trading range for today is between 1.2270 support and 1.2400 resistance.

The expected trend for today: Bearish

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