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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCAD 21.12.2022

Technical Analysis
Wednesday, December 21, 2022 - 17:09
Point Trader Group
USDCAD 21.12.2022

Main Trend:

Bullish.

Expected scenario:

We expect a price decline, conditioned by the continuation of trading below 1.3700, to target 1.3500.

Alternative scenario:

The scenario turns bullish, with a breach of 1.3700, targeting 1.3826

The most important levels

Resistance: 1.3700 – 1.3826

Support: 1.3500 – 1.3385

*Risk Disclaimer: 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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