USD/CAD Intraday: consolidation in place.
USD/CAD (USD/CAD)
+0.00026+0.02%
short positions below 1.3695 with targets at 1.3665 & 1.3650 in extension.
Pivot: 1.3695
Our preference: short positions below 1.3695 with targets at 1.3665 & 1.3650 in extension.
Alternative scenario: above 1.3695 look for further upside with 1.3710 & 1.3725 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3725
1.3710
1.3695
1.3684 Last
1.3665
1.3650
1.3635
Our preference: short positions below 1.3695 with targets at 1.3665 & 1.3650 in extension.
Alternative scenario: above 1.3695 look for further upside with 1.3710 & 1.3725 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3725
1.3710
1.3695
1.3684 Last
1.3665
1.3650
1.3635
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
