USD/CAD Intraday: the bias remains bullish.
USD/CAD (USD/CAD)
+0.00112+0.08%
long positions above 1.3750 with targets at 1.3785 & 1.3805 in extension.
Pivot: 1.3750
Our preference: long positions above 1.3750 with targets at 1.3785 & 1.3805 in extension.
Alternative scenario: below 1.3750 look for further downside with 1.3730 & 1.3710 as targets.
Comment: a support base at 1.3750 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.3825
1.3805
1.3785
1.3765 Last
1.3750
1.3730
1.3710
Our preference: long positions above 1.3750 with targets at 1.3785 & 1.3805 in extension.
Alternative scenario: below 1.3750 look for further downside with 1.3730 & 1.3710 as targets.
Comment: a support base at 1.3750 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.3825
1.3805
1.3785
1.3765 Last
1.3750
1.3730
1.3710
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