The USDCAD surpasses the first target – Analysis - 31-12-2020

2020-12-31 04:45:21 GMT (Economies.com)
 

The USDCAD pair managed to achieve our first waited target at 1.2765 and surpassed it to confirm extending the bearish wave on the intraday and short term basis, on its way to visit 1.2688 that represents our next station.

 

Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 1.2854 and holding above it.

 

The expected trading range for today is between 1.2670 support and 1.2800 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2055
0.0002
0.0141%
1.3886
-0.0008
0.0579%
Tadawul
10228.35
-26.53
0.26%
27.310
0.791
2.983%
64.760
0.850
1.330%
68.11
-0.84
1.22%
1813.225
23.640
1.321%
 
 
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