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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 August, 27 2020

Technical Analysis
Thursday, August 27, 2020 - 17:00
Point Trader Group
USDCAD August, 27 2020

Overview:

The above chart shows that the pair is trading above a strong support level around 1.3134, which enhances the bullish chances during today's trading.

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 1.3200

Alternative Scenario:

On the other hand, we think that in the event of a break of 1.3134 to the downside, this pair may initially decline to 1.3100.

 

Resistance1.32001.32301.3260
Support1.31341.31001.3075

*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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