The USDCAD tests the most important resistance – Analysis - 04-09-2020
Economies.com
2020-09-04 04:08AM UTC
The USDCAD pair provided clear positive trades yesterday to test the key resistance 1.3155, and the price keeps its stability below this level, accompanied by witnessing negative signals through stochastic, which supports the chances of bouncing bearishly to resume the main bearish trend, waiting to break 1.3060 to ease the mission of heading towards our main expected target at 1.2960.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless breaching 1.3155 and holding above it.
The expected trading range for today is between 1.3050 support and 1.3180 resistance.
The expected trend for today: Bearish
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