The USDCAD resumes the decline – Analysis - 03-07-2020
Economies.com
2020-07-03 04:09AM UTC
The USDCAD pair begins to decline after testing 1.3612 level in the previous sessions, to keep the bearish trend scenario valid and active for the upcoming sessions, supported by the negative pressure formed by the EMA50, waiting to head towards 1.3500 followed by 1.3362 levels as next main targets.
On the other hand, we should note that breaching 1.3612 followed by 1.3655 levels will stop the suggested decline and leads the price to turn to rise.
The expected trading range for today is between 1.3470 support and 1.3612 resistance.
The expected trend for today: Bearish
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