The USDCAD breaks the support – Analysis - 02-12-2020

2020-12-02 04:55:03 GMT (Economies.com)
 

The USDCAD pair succeeded to break 1.2960 and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently on the intraday and short term basis, paving the way to head towards our next main target that extends to 1.2785.

 

The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2960 and the most important below 1.3050.

 

The expected trading range for today is between 1.2850 support and 1.3000 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0332%
1.3889
-0.0005
0.0389%
Tadawul
10228.35
-26.53
0.26%
27.316
0.797
3.005%
64.737
0.827
1.294%
68.23
-0.75
1.09%
1814.275
24.690
1.380%
 
 
Live Forex Updates