UsdCad : 19/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell below 1.2900 for the target of 1.2690 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the sideways movement between the key support level and key resistance level and now new intraday upper trend line was formed as major key resistance level and its trading in the equidistant channel line and its trading below the 50 % Fibonacci retracement level, so we can sell below the key resistance and except upto next key support levels :- which we have shown in attached image.
By Subramanian From Centreforex