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

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