Forex

The USDCAD tests the resistance again – Analysis - 26-10-2020

2020-10-26 03:52:05 GMT (Economies.com)

The USDCAD pair returns to fluctuate around the resistance line that appears on the chart, and the EMA50 meets this resistance to add more strength to it, which supports the chances of continuing the main bearish trend, which targets 1.3035 followed by 1.2960 levels as next stations.

 

Therefore, we will keep our bearish overview conditioned by the price stability below 1.3160.

 

The expected trading range for today is between 1.3070 support and 1.3200 resistance.

The expected trend for today: Bearish

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