The USDCAD tests the resistance – Analysis - 17-12-2020
Economies.com
2020-12-17 05:06AM UTC
The USDCAD pair traded positively yesterday to test the key resistance 1.2785, as it rebounds downwards clearly from there, motivated by the negative signal provided by stochastic, waiting for more decline in the upcoming sessions to head towards 1.2550 that represents our next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2785.
The expected trading range for today is between 1.2640 support and 1.2785 resistance.
The expected trend for today: Bearish
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