The USDCAD reaches the first target – Analysis - 12-12-2019
Economies.com
2019-12-12 05:46AM UTC
The USDCAD pair traded with strong negativity yesterday to reach our first waited target at 1.3155, reinforcing the expectations of achieving more decline in the upcoming period, waiting to break this level to confirm extending the bearish wave towards our next target that reaches 1.3015.
Therefore, the negative pressure will remain suggested, supported by the EMA50, reminding you that it is important to hold below 1.3295 to continue the expected decline.
The expected trading range for today is between 1.3080 support and 1.3220 resistance.
The expected trend for today: Bearish
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