The USDCAD breaks the support – Analysis - 24-12-2020

2020-12-24 05:26:31 GMT (Economies.com)
 

The USDCAD pair broke 1.2854 level clearly and closed the daily candlestick below it, which puts the price under expected negative pressure in the upcoming sessions, to resume the main bearish track that its targets begin at 1.2765 and extend to 1.2688.

 

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.2854 and holding above it again will reactivate the correctional bullish scenario that targets testing 1.2956 initially.

 

The expected trading range for today is between 1.2760 support and 1.2900 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2063
0.0010
0.0809%
1.3894
0.0000
0.0025%
Tadawul
10228.35
-26.53
0.26%
27.299
0.780
2.943%
64.821
0.911
1.425%
68.18
-0.77
1.12%
1814.725
25.140
1.405%
 
 
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