The USDCAD suffers sharp losses – Analysis - 05-12-2019
Economies.com
2019-12-05 05:42AM UTC
The USDCAD pair declined strongly yesterday to break 1.3240 level and settles below it, starting today with more decline to hint turning the intraday and short term track to decline, on its way to visit 1.3015 areas in the upcoming period.
Therefore, the bearish trend will be expected for today, and breaking 1.3155 will reinforce the expectations of achieving the above mentioned target, while the expected decline will remain valid unless breaching 1.3240 followed by 1.3295 levels and holding above them.
The expected trading range for today is between 1.3100 support and 1.3240 resistance.
The expected trend for today: Bearish
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