Forex

The USDCAD breaks the support – Analysis - 21-10-2020

2020-10-21 04:01:55 GMT (Economies.com)

The USDCAD pair managed to break 1.3125 level and hold below it, starting today with more decline, which supports the continuation of our bearish overview efficiently in the upcoming sessions, opening the way to head towards our negative targets that start at 1.3035 followed by 1.2960.

 

The EMA50 keeps supporting the suggested bearish wave, which its continuation requires holding below 1.3125 and 1.3185 levels.

 

The expected trading range for today is between 1.3035 support and 1.3160 resistance.

The expected trend for today: Bearish

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