Forex

The USDCAD loses momentum – Analysis - 27-11-2020

2020-11-27 05:00:00 GMT (Economies.com)

The USDCAD pair shows tight trades since yesterday, noticing that stochastic loses its positive momentum clearly, which supports the continuation of the expected bearish trend for the upcoming period, which its next target located at 1.2960, reminding you that breaking this level will extend the bearish wave to reach 1.2785.

 

On the other hand, we should note that breaching 1.3080 will stop the expected decline and lead the price to achieve intraday gains that start by testing 1.3190.

 

The expected trading range for today is between 1.2930 support and 1.3050 resistance.

The expected trend for today: Bearish

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