USDCAD Daily Analysis (Nov 22)

USDCAD Daily Analysis (Nov 22)

USDCAD daily chart 2021 11 23
USDCAD daily chart

The technical bias has turned bullish as the price failed to hold below 1.2500 resistance area around the 200-days simple moving average I mentioned in my prior chart analysis.

1.2600 resistance turned support now should limit any downside pullback, with next target at 1.2775-1.2810 next resistance area. Above 1.2810, 1.2900 is the next potential resistance level. While below 1.2600, we may see a retest of 1.2500 support.

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