The USDCAD still negative – Analysis - 08-12-2020

2020-12-08 05:10:19 GMT (Economies.com)
 

The USDCAD pair resumes its negative trades after the temporary rise that it witnessed yesterday, supported by the negative pressure formed by the EMA50, waiting for more decline to visit 1.2550 that represents our main negative target.

 

Holding below 1.2880 is important to continue the expected bearish trend, as breaching it will push the price to start recovery attempts that target testing 1.2960 areas initially before any new attempt to decline.

 

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.%
1.2057
0.0004
0.0332%
1.3889
-0.0005
0.0392%
Tadawul
10228.35
-26.53
0.26%
27.337
0.819
3.087%
64.730
0.820
1.283%
68.12
-0.85
1.23%
1814.625
25.040
1.399%
 
 
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