The USD/CAD achieves strong gains – Analysis – 14/12/2021

usd_cad_news_prognozThe USDCAD pair rallied upwards strongly yesterday to breach 1.2725 level and open the way to resume the bullish trend, as it approaches the first positive target mentioned in our last report at 1.2850, and we suggest the continuation of the rise to visit the previous recorded top at 1.2950 as a next main station.

Therefore, the bullish bias will be expected in the upcoming sessions unless breaking 1.2725 and holding below it.

The expected trading range for today is between 1.2760 support and 1.2900 resistance.

The expected trend for today: Bullish

Origin: Economies

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