USD/CAD Intraday: key resistance at 1.3770.
USD/CAD (USD/CAD)
+0.00224+0.16%
short positions below 1.3770 with targets at 1.3720 & 1.3700 in extension.
Pivot: 1.3770
Our preference: short positions below 1.3770 with targets at 1.3720 & 1.3700 in extension.
Alternative scenario: above 1.3770 look for further upside with 1.3790 & 1.3810 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3770.
Supports and resistances:
1.3810
1.3790
1.3770
1.3750 Last
1.3720
1.3700
1.3680
Our preference: short positions below 1.3770 with targets at 1.3720 & 1.3700 in extension.
Alternative scenario: above 1.3770 look for further upside with 1.3790 & 1.3810 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3770.
Supports and resistances:
1.3810
1.3790
1.3770
1.3750 Last
1.3720
1.3700
1.3680
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.
