The USDCAD under the negative pressure – Analysis - 01-07-2020
Economies.com
2020-07-01 04:21AM UTC
The USDCAD pair failed to breach the main bearish channel’s resistance that appears on the chart, to trade with strong negativity and break 1.3612 level and settles below it, which pushes the price to start new bearish wave on the intraday basis, heading towards achieving negative targets that start at 1.3500 and extend to 1.3362.
Therefore, the bearish trend will be expected for the upcoming period unless the price rallied to breach 1.3612 followed by 1.3685 levels and hold above them.
The expected trading range for today is between 1.3480 support and 1.3640 resistance.
The expected trend for today: Bearish
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