The USDCAD tests the key support – Analysis - 06-12-2019
Economies.com
2019-12-06 05:45AM UTC
The USDCAD pair provided additional negative trades yesterday to test the key support 1.3155, and as we mentioned in our last report, the price needs to break this level to confirm the continuation of the bearish trend and heading towards our next main target that extends to 1.3015.
In general, we will continue to suggest the bearish trend as long as the price remains stable below 1.3240 and 1.3295 levels, noting that stochastic loses its positive momentum clearly to support the expectations to decline.
The expected trading range for today is between 1.3100 support and 1.3240 resistance.
The expected trend for today: Bearish
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