The USDCAD tests the resistance – Analysis - 17-12-2020

2020-12-17 05:06:22 GMT (Economies.com)
 

The USDCAD pair traded positively yesterday to test the key resistance 1.2785, as it rebounds downwards clearly from there, motivated by the negative signal provided by stochastic, waiting for more decline in the upcoming sessions to head towards 1.2550 that represents our next negative target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2785.

 

The expected trading range for today is between 1.2640 support and 1.2785 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%
27.320
0.800
3.019%
64.796
0.886
1.386%
68.12
-0.83
1.20%
1814.900
25.315
1.415%
 
 
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