The USDCAD under the negative pressure – Analysis - 03-11-2020
Economies.com
2020-11-03 04:43AM UTC
The USDCAD pair could not manage to breach 1.3362 level, to rebound downwards strongly and breaks 1.3240 level and settles below it, which brings the price back to the bearish track and stops the positive possibility mentioned in our recent reports, on its way to achieve negative targets that start at 1.3110 and extend to 1.2960.
Therefore, the bearish bias will be expected for the upcoming sessions unless the price rallied to breach 1.3362 and hold above it.
The expected trading range for today is between 1.3130 support and 1.3300 resistance.
The expected trend for today: Bearish
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