Forex

The USDCAD approaches the support – Analysis - 20-01-2021

2021-01-20 04:49:45 GMT (Economies.com)

The USDCAD pair continues to decline to approach the key support 1.2688, to support the continuation of the expected bearish trend for the upcoming period, waiting to break this support to confirm extending the bearish wave towards 1.2475.

 

The bearish channel organizes the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2780 and hold above it.

 

The expected trading range for today is between 1.2640 support and 1.2770 resistance.

The expected trend for today: Bearish

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