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FX.co ★ USD/CAD analysis for December 03, 2021 - Upside continuation in the play

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Forex Analysis:::2021-12-03T12:15:03

USD/CAD analysis for December 03, 2021 - Upside continuation in the play

Technical analysis:

USD/CAD analysis for December 03, 2021 - Upside continuation in the play

USD/CAD has been trading upside in the background and I see potential for the upside continuation.

Trading recommendation:

Due to the breakout of the symmetrical triangle in the background, I see potential for the upside continuation.

Upside objective is set at the price of 1,2900

Stochastic is showing fresh bear cross but with no divergence...

Support level is set at the price of 1,2800

Analyst InstaForex
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