The USDCAD keeps its negative stability – Analysis - 29-12-2020

2020-12-29 04:58:41 GMT (Economies.com)
 

The USDCAD pair attempted to breach 1.2854 level yesterday but it returned to decline and trade below this level, starting today with new bearish bias to move away from the mentioned level, which keeps the bearish trend scenario valid and active for today, waiting to visit 1.2765 followed by 1.2688 levels.

 

We remind you that breaching 1.2854 and holding above it will stop the expected decline and push the price to achieve new bullish correction that its targets begin at 1.2956.

 

The expected trading range for today is between 1.2740 support and 1.2880 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2062
0.0009
0.0738%
1.3894
0.0000
0.0032%
Tadawul
10228.35
-26.53
0.26%
27.317
0.798
3.011%
64.790
0.880
1.377%
68.12
-0.83
1.20%
1814.960
25.375
1.418%
 
 
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