FX.co - USD/CAD analysis for December 03, 2021 - Upside continuation in the play

2021-12-03T12:15:03

Relevance until2021-12-04

Technical analysis:

USD/CAD analysis for December 03, 2021 - Upside continuation in the play

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

*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 December 03, 2021 - Upside continuation in the play