The USDCAD surrenders to the negative pressure – Analysis - 20-06-2019
Economies.com
2019-06-20 04:42AM UTC
The USDCAD pair traded with strong negativity yesterday to break 1.3286 level and closes the daily candlestick below it, which stops the recently suggested positive scenario and put the price under the correctional bearish pressure, supported by stochastic and the EMA50 negativity, on its way to visit 1.3130 followed by 1.3050 levels as next main stations.
Therefore, the bearish trend will be suggested in the upcoming sessions unless breaching 1.3286 level and holding above it again.
The expected trading range for today is between 1.3150 support and 1.3300 resistance.
The expected trend for today: Bearish
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