The USDCAD hits the extended target – Analysis - 07-12-2020

2020-12-07 05:01:12 GMT (Economies.com)
 

The USDCAD pair succeeded to achieve our extended target at 1.2785 and attempts to surpass it, which supports the chances of continuing the bearish trend on the short term and medium term basis, paving the way to head towards 1.2550 as a next main station.

 

Therefore, the bearish trend will remain dominant in the upcoming sessions, noting that breaching 1.2865 is considered as a positive key to start correctional bullish wave.

 

The expected trading range for today is between 1.2700 support and 1.2840 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2058
0.0005
0.0419%
1.3891
-0.0003
0.0187%
Tadawul
10228.35
-26.53
0.26%
27.311
0.791
2.985%
64.729
0.819
1.282%
68.16
-0.79
1.15%
1813.805
24.220
1.353%
 
 
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