The USDCAD resumes the decline – Analysis - 19-11-2020
Economies.com
2020-11-19 04:55AM UTC
The USDCAD pair bounced bearishly yesterday to approach our first waited target at 1.3000, showing some bullish bias now affected by stochastic positivity, noticing that the indicator begins to lose the positive momentum, waiting to get negative motive that assists to push the price to resume the main bearish track.
In general, we will continue to suggest the bearish trend for the upcoming period as long as 1.3170 remains intact, reminding you that our next target reaches 1.2960.
The expected trading range for today is between 1.3000 support and 1.3150 resistance.
The expected trend for today: Bearish
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