USD/CAD Intraday: under pressure.

USD/CAD (USD/CAD)
-0.00120-0.09%
short positions below 1.3945 with targets at 1.3875 & 1.3855 in extension.
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Pivot: 1.3945

Our preference: short positions below 1.3945 with targets at 1.3875 & 1.3855 in extension.

Alternative scenario: above 1.3945 look for further upside with 1.3965 & 1.3985 as targets.

Comment: the break below 1.3945 is a negative signal that has opened a path to 1.3875.

Supports and resistances:
1.3985
1.3965
1.3945
1.3906 Last
1.3875
1.3855
1.3835

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.
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