The USDCAD attempts to recover – Analysis - 15-12-2020

2020-12-15 05:17:18 GMT (Economies.com)
 

The USDCAD pair trades positively and attempts to surpass the intraday bearish channel’s resistance, noticing that the EMA50 continues to press negatively on the price, to support the continuation of the bearish overview, which targets 1.2550 level as a next main station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.2810 level and holding above it.

 

The expected trading range for today is between 1.2690 support and 1.2820 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2063
0.0010
0.0834%
1.3897
0.0003
0.0248%
Tadawul
10228.35
-26.53
0.26%
27.317
0.798
3.011%
64.841
0.931
1.457%
68.16
-0.80
1.16%
1814.270
24.685
1.379%
 
 
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