Technical Analysis for USDCAD - H1 Timeframe - December 29, 2021

- USDCAD above MA and Pivot Point. RSI is above 50 level mark. Up Trend is observed.
- Downward Triangle and Downward Channel are formed and priced is placed near the top of both channel & triangle. Above R1 – 1.28404 new upward movement may be found.
- Alternative Scenario – Trend reversal may be found below S1 – 1.27881.
- Watch out levels for intraday trading.