USD/CAD Daily Analysis – Friday, Dec. 14

No changed in our view, USD/CAD remains in the uptrend from 1.3159, the price action from 1.3444 is likely consolidation for the uptrend. As long as 1.3300 support holds, another rise to test 1.3444 resistance is possible, a breakout could trigger further upside movement towards 1.3500. Only a breakdown below 1.3300 support could bring the price back towards 1.3200.

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.