The USDCAD rebounds from the resistance – Analysis - 24-11-2020
Economies.com
2020-11-24 02:38AM UTC
The USDCAD pair tested the intraday bearish channel’s resistance line that appears on the chart and bounced bearishly from there, which supports the continuation of the expected bearish trend on the intraday and short term basis, which its next targets located at 1.3000 followed by 1.2960, reminding you that the continuation of the bearish wave depends on the price stability below 1.3180.
The expected trading range for today is between 1.2990 support and 1.3130 resistance.
The expected trend for today: Bearish
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