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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.
| Resistance | 1.3200 | 1.3230 | 1.3260 |
| Support | 1.3134 | 1.3100 | 1.3075 |
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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