USD/CAD analysis for December 21, 2018 - ConsultFX

USD/CAD analysis for December 21, 2018


The USD/CAD pair has been trading upwards. As I expected, the price tested the level of 1.3540. According to the H4 time frame, I have found that buyers are in control and there is a short-term trend, which is a sign of strength. I have also found a rising LBR oscillator and upward Keltner channel, which is another sign of strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.3592.

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