The USDCAD loses momentum – Analysis - 24-06-2020
Economies.com
2020-06-24 04:38AM UTC
The USDCAD pair provided negative trades yesterday and returns to fluctuate around the EMA50, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, waiting to motivate the price to resume the main bearish trend, which its next target located at 1.3362.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3612.
The expected trading range for today is between 1.3460 support and 1.3612 resistance.
The expected trend for today: Bearish
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