The USDCAD resumes the decline – Analysis - 11-12-2020

2020-12-11 05:45:33 GMT (Economies.com)
 

The USDCAD pair provided clear negative trades yesterday, to move away from the intraday bearish channel’s resistance, reinforcing the expectations of continuing the main bearish trend, which its next target located at 1.2550.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 1.2800 and holding above it.

 

The expected trading range for today is between 1.2640 support and 1.2800 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2061
0.0008
0.0651%
1.3895
0.0001
0.0054%
Tadawul
10228.35
-26.53
0.26%
27.302
0.783
2.954%
64.830
0.920
1.440%
68.18
-0.77
1.12%
1814.510
24.925
1.393%
 
 
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