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03.12.202114:15 Forex Analysis & Reviews: USD/CAD analysis for December 03, 2021 - Upside continuation in the play

Technical analysis:

Exchange Rates 03.12.2021 analysis

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

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Petar Jacimovic,
Analytical expert of InstaSpot
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