FX.co - USD/CAD analysis for November 22, 2021 - Upside continuation in the play

22 November 2021 at 2:02PM (UTC+0)

Relevance until23 November 2021 at 2:02PM (UTC+0)

Technical analysis:

USD/CAD analysis for November 22, 2021 - Upside continuation in the play

USD/JPY has been trading sideways today at 114,15 but See potential for the bullish movement in the next period.

Trading recommendation:

Due to strong upside trend in the background and potential completion of the downside correction, I see potential for the rally.

Watch for buying opportunities on the break and upside target at 114,50

Support level is set at the price of 114305

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/CAD analysis for November 22, 2021 - Upside continuation in the play