Technical analysis of USD/CAD 12/20/2019

The USD/CAD currency pair is currently trading at 1.3100 level and continues to move downward within the side corridor on the 1D timeframe.
The pair is expected to continue to decline within the channel to the zone of the level of 1.3020.
Cancellation of the option to reduce USD/CAD will be a rise above the level of 1.3270, which will indicate a breakdown of MA200 and the upper line of the channel.

USDCAD_STPDaily

Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (3 votes cast)
5.0 out of 5 based on 3 ratings

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>