Technical Analysis of the USDCAD Currency Pair; 19-12-2022

As predicted last week, the price entered an upward phase, but it has not yet managed to reach the level of 1.36960. In the event that the price succeeds in breaking the above level, we expect the price to rise to the level of 1.38340 in a sharp movement.

Important Levels Next Week USDCAD Currency Pair

In this section we will study the technical levels of currency pairs and important market symbols, the levels whose failure can determine the trend of the market next week, and you can use these levels as profit and loss limits in your trades.

USDCAD (Close Price Last week is  1.34703)

(1.27426, 1.28374, 1.29511, 2.30764, 1.32213, 1.3400, 1.35079, 1.36412, 1.38340, 1.39761)

UCDCAD Fibonacci Pivot Point Level

These levels are one of the most important tools for traders, created based on market fluctuations and the closing and opening levels of candles in different time frames. The levels that exist in the 4-hour time frame are usually used by traders for daily trades, and it is possible to change them during the coming week due to market fluctuations. More and also the failure of the previous levels.