USD/CAD Intraday: under pressure.

USD/CAD (USD/CAD)
-0.00176-0.13%
short positions below 1.3705 with targets at 1.3660 & 1.3640 in extension.
image
Pivot: 1.3705

Our preference: short positions below 1.3705 with targets at 1.3660 & 1.3640 in extension.

Alternative scenario: above 1.3705 look for further upside with 1.3725 & 1.3740 as targets.

Comment: the RSI calls for a new downleg.

Supports and resistances:
1.3740
1.3725
1.3705
1.3670 Last
1.3660
1.3640
1.3620

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.
goTop
quote