USDCAD Dec, 02 2020

Technical Analysis
Wednesday, December 02, 2020 - 13:30
Point Trader Group
USDCAD Dec, 02 2020

Overview:

prices are moving in a short term bearish direction.

Expected:

The pair is approaching a support resistance level around 1.2900, which enhances the chances of a bullish move during today's trading to 1.2985 in the event that positive signs appear above this level.

Alternative Scenario:

On the other hand, we see that if the 1.2900 level is broken to the downside, this pair might push down to 1.2850. 

Resistance1.29851.30001.3030
Support1.29001.28851.2850

Related Topics

REQUEST A CALL BACK

We Are Always Ready To Help You

YOU CAN TRUST POINT

For Expert Financial Advice