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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 28.12.2021

Technical Analysis
Tuesday, December 28, 2021 - 14:27
Point Trader Group
USDCAD 28.12.2021

Overview:

The pair is trading in an uptrend

Expected scenario:

 Continuing trading below the resistance level of 1.3030 may push the pair down to 1.2650

Alternative scenario:

On the other hand, we see that if the 1.3030 level is broken upwards, it may push the pair to rise to 1.3150

 

Resistance levels

1.3030

1.3100

1.3150

 

Support levels

1.2600

1.2550

1.2450

*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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