English
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.
| Resistance | 1.2985 | 1.3000 | 1.3030 |
| Support | 1.2900 | 1.2885 | 1.2850 |
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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