Forex

The USDCAD declines calmly – Analysis - 26-11-2020

2020-11-26 04:51:17 GMT (Economies.com)

The USDCAD pair fluctuates with slight negativity to move below 1.3000 barrier now, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our next waited target at 1.2960, suggesting breaking this level to achieve additional decline that targets 1.2785 areas on the near term basis.

 

Therefore, the bearish trend scenario will remain dominant in the upcoming sessions unless the price rallied to breach 1.3090 level and hold above it.

 

The expected trading range for today is between 1.2900 support and 1.3090 resistance.

The expected trend for today: Bearish

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