The USDCAD hits the first target – Analysis - 21-12-2020

2020-12-21 05:15:02 GMT (Economies.com)
 

The USDCAD pair succeeded to achieve our first waited target at 1.2854 and settles near it, and we expect surpassing this level after forming double bottom pattern to open the way to visit the next correctional level that reaches 1.2956.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by moving above the EMA50, noting that breaking 1.2785 and holding below it will stop the positive scenario and press on the price to resume the main bearish trend again.

 

The expected trading range for today is between 1.2785 support and 1.2930 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2058
0.0005
0.0377%
1.3890
-0.0004
0.0277%
Tadawul
10228.35
-26.53
0.26%
27.328
0.809
3.053%
64.760
0.850
1.330%
68.23
-0.75
1.09%
1814.505
24.920
1.393%
 
 
Live Forex Updates