empty
 
 
04.12.2020 11:53 AM
USD/CAD Larger Drop Eyed!

This image is no longer relevant

USD/CAD is trading at 1.2863 level and it could drop deeper to approach 1.28 psychological level. I've told you in a previous analysis that a drop under 1.2940 static support, a lower low, could announce a broader decline and could bring a selling opportunity.

The pair is located in the seller's territory as long it stays somewhere under the 1.2940 - 1.2900 area. Technically, USD/CAD was expected to drop towards 1.2750, or lower towards 1.27 after escaping from the symmetrical triangle chart pattern.

  • USD/CAD Trading Conclusion

USD/CAD has retested the 1.2940 level, support, signaling further drop. It could continue towards 1.28, 1.27 level in the upcoming period.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ralph Shedler
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback