Forex market analytics as of 12/12/2023

Hello. While the market is calm, it looks like we are preparing for decisions on interest rates on Wednesday. And below we’ll look at what you can pay attention to when trading on the Forex market tomorrow 12/12/2023


On the USDCAD pair we came to an interesting place and are drawing Doji patterns. The price rolled back exactly to the center of the sideways trend, which is clearly visible on the W1 chart. They also gave a reaction to FVG 1.3515. It’s probably worth taking a closer look at purchases, with the expectation that the price will continue to rise and take the upper limit of the sideways trend at 1.3977. The nearest resistance level is 1.3683, if we get past it, I will keep buying until further goals.

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