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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