The USDCAD resumes the decline – Analysis - 05-11-2020
Economies.com
2020-11-05 05:08AM UTC
The USDCAD pair provided clear negative trades yesterday after attempting to breach 1.3240 level, to start pressing on the key support 1.3115, and the price needs to break this level to confirm opening the way to head towards our negative targets that start at 1.3040 and extend to 1.2965.
Therefore, we will keep our bearish overview for the upcoming period conditioned by the price stability below 1.3240.
The expected trading range for today is between 1.3040 support and 1.3220 resistance.
The expected trend for today: Bearish
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