The USDCAD within sideways track – Analysis - 10-12-2020
Economies.com
2020-12-10 05:37AM UTC
The USDCAD pair fluctuates within sideways and tight track recently, and still inside the intraday bearish channel that appears on the chart, and the EMA50 continues to press negatively on the price.
Therefore, our bearish overview will remain valid as it is without any change, waiting to visit 1.2550 that represents our next main target, noting that it is important to hold below 1.2770 to continue the expected decline.
The expected trading range for today is between 1.2700 support and 1.2840 resistance.
The expected trend for today: Bearish
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