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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 September, 21 2020

Technical Analysis
Monday, September 21, 2020 - 20:04
Point Trader Group
USDCAD September, 21 2020

Overview:

The chart above shows that the pair is trading above a strong support level around 1.3000, which enhances the chances of a bullish move during the upcoming period

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 1.3400

Alternative Scenario:

On the other hand, we believe that if the 1.3300 level is broken to the downside, this pair might push down to 1.2900

 

Resistance1.34001.34501.3500
Support1.33001.31001.2900

*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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