USDCAD 21.12.2021

Technical Analysis
Tuesday, December 21, 2021 - 12:56
Point Trader Group
USDCAD 21.12.2021

Overview:

The pair is trading in an upward direction

Expected scenario:

The above chart shows that the pair is trading below a strong resistance level around 1.3030, which enhances the chances of a drop to 1.2700

Alternative scenario:

On the other hand, we see that if the 1.3030 level is broken upwards, it may push the pair up to 1.3250

 

Resistance levels

1.3030

1.3100

1.3250

 

Support levels

1.2800

1.2750

1.2700

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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