Forex

The USDCAD crawls downwards – Analysis - 30-11-2020

2020-11-30 05:13:39 GMT (Economies.com)

The USDCAD pair trades with slight negativity to crawl gradually towards our waited target at 1.2960, noting that we suggest breaking this level and open the way to head towards 1.2785 that represents our next negative target.

 

Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 1.3065.

 

The expected trading range for today is between 1.2910 support and 1.3040 resistance.

The expected trend for today: Bearish

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