The USDCAD tests the resistance – Analysis - 14-12-2020

2020-12-14 04:56:05 GMT (Economies.com)
 

The USDCAD pair returns to test the intraday bearish channel’s resistance, accompanied by witnessing clear negative trades through stochastic, waiting to motivate the price to resume the main bearish trend, which gets continuous support by the EMA50.

 

Therefore, the negative scenario will remain valid for the upcoming period, reminding you that our next target is located at 1.2550, while achieving it requires holding below 1.2820.

 

The expected trading range for today is between 1.2670 support and 1.2820 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2056
0.0003
0.0286%
1.3886
-0.0008
0.0572%
Tadawul
10228.35
-26.53
0.26%
27.348
0.829
3.124%
64.752
0.842
1.317%
68.07
-0.88
1.28%
1814.800
25.215
1.409%
 
 
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