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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CAD analysis for December 21, 2018

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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.

The material has been provided by InstaForex Company - www.instaforex.com