The USDCAD declines calmly – Analysis - 03-08-2020

2020-08-03 03:51:48 GMT (

The USDCAD pair resumed its negative trades to approach 1.3362 level, and as we mentioned in our last report, the price needs to break this level to reinforce the expectations of continuing the main bearish trend and head towards our next target at 1.3270, noting that the EMA50 forms negative pressure that supports the chances of achieving the required break.


Therefore, the will continue to suggest the bearish trend for the upcoming period unless breaching 1.3425 and holding above it.


The expected trading range for today is between 1.3320 support and 1.3470 resistance.

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.