USD/CAD Heading North – Is It a Good Buy?
The USD/CAD pair is trading bullishly, with stochastics favoring a test of key resistance at 1.3680. However, traders should be careful in
Skerdian Meta•Tuesday, December 20, 2022•1 min read
The USD/CAD pair is trading bullishly, with stochastics favoring a test of key resistance at 1.3680. However, traders should be careful in the short term, as the bearish trend scenario requires the price to stay below 1.3680, at which point it will move on to target 1.3565 and then 1.3500.
USD/CAD
If the USD/CAD price can break through 1.3680, it will likely continue its upward trend, first testing the 1.3800 regions. Today’s trade could go any way, but 1.3580 support and 1.3730 resistance are the most likely levels to see action in.
Today’s predicted trend: Bullish
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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