The USDCAD continues to decline – Analysis - 13-01-2021
Economies.com
2021-01-13 05:32AM UTC
The USDCAD pair traded with clear negativity yesterday to approach our waited negative target at 1.2688, expecting the continuation of the decline to surpass this level and open the way to extend the bearish wave on the intraday and short term basis, as the next target reaches 1.2520 areas.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.2854 and hold above it.
The expected trading range for today is between 1.2640 support and 1.2790 resistance.
The expected trend for today: Bearish
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