The USDCAD approaches the first target – Analysis - 30-12-2020

2020-12-30 05:02:24 GMT (Economies.com)
 

The USDCAD pair traded with clear negativity yesterday to approach our first waited target at 1.2765, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, which its targets extend to 1.2688 after surpassing the previous level.

 

In general, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2854.

 

The expected trading range for today is between 1.2720 support and 1.2854 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2063
0.0010
0.0826%
1.3895
0.0001
0.0104%
Tadawul
10228.35
-26.53
0.26%
27.305
0.785
2.962%
64.831
0.921
1.441%
68.18
-0.77
1.12%
1814.220
24.635
1.377%
 
 
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