Technical analysis for ( USDCAD ) 23 Dec 2023

120
Trend: Down

Expected Scenario: The technical analysis suggests that prices may reverse from current levels, based on the following reasons:

1- The price has reached the trendline.
2- The price has entered the support zone (from 1.3264 to 1.31000).


What if prices don't reverse and continue moving down below the support green zone?

That would mean the expected scenario has failed, as prices have broken both the upper trendline and the support zone.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.