The USDCAD is affected by the negative momentum – Analysis - 23-12-2020

2020-12-23 04:44:33 GMT (Economies.com)
 

The USDCAD pair provides negative trades now, affected by stochastic negativity, and it might head to test the key support 1.2854 before turning back to rise again.

 

Until now, the correctional bullish trend scenario still active as long as 1.2854 and 1.2820 levels remain intact, noting that our targets begin at 1.2956 and extend to 1.3040 after breaching the previous level.

 

The expected trading range for today is between 1.2800 support and 1.2960 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2056
0.0003
0.0232%
1.3886
-0.0008
0.0558%
Tadawul
10228.35
-26.53
0.26%
27.306
0.787
2.968%
64.763
0.853
1.335%
68.13
-0.83
1.20%
1813.655
24.070
1.345%
 
 
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