The USDCAD tests the resistance – Analysis - 02-07-2020
Economies.com
2020-07-02 04:35AM UTC
The USDCAD pair tests 1.3612 level and keeps its stability below it, as the EMA50 meets this resistance to add more strength to it, accompanied by stochastic reach to the overbought areas now.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its main targets located at 1.3500 followed by 1.3362, noting that the continuation of the bearish wave conditions holding below 1.3612 and 1.3670 levels.
The expected trading range for today is between 1.3500 support and 1.3670 resistance.
The expected trend for today: Bearish
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