The USDCAD rebounds bearishly – Analysis - 13-07-2020

2020-07-13 04:19:47 GMT (

The USDCAD pair bounced bearishly after testing 1.3612 level, and surpasses the EMA50 to settle below it now, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, which targets 1.3500 followed by 1.3362 levels as next main stations.


Holding below 1.3612 is important to continue the expected decline, as breaching it will open the way to start recovery attempts that target visiting 1.3700 followed by 1.3813 areas on the near term basis.


The expected trading range for today is between 1.3480 support and 1.3620 resistance.

The expected trend for today: Bearish

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