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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCAD 12.11.2024

Technical Analysis
Tuesday, November 12, 2024 - 11:36
Point Trader Group
USDCAD 12.11.2024

Overall Trend: The trend shows an upward movement, with the price approaching resistance levels at 1.3933 after a wave of upward momentum.

Expected Scenario: If the price successfully breaks the resistance level of 1.3933, it may continue to rise to higher levels.

Alternative Scenario: If the price pulls back from the current level, it could see a decline toward the support level at 1.3666.

Key Levels:

Resistance: 1.3933

Support: 1.3666 - 1.3375

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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