USD/CAD Intraday: aim @ 1.3990.

USD/CAD (USD/CAD)
+0.00495+0.35%
short positions below 1.4040 with targets at 1.4005 & 1.3990 in extension.
image
Pivot: 1.4040

Our preference: short positions below 1.4040 with targets at 1.4005 & 1.3990 in extension.

Alternative scenario: above 1.4040 look for further upside with 1.4055 & 1.4070 as targets.

Comment: a break below 1.4005 would trigger a drop towards 1.3990.

Supports and resistances:
1.4070 ***
1.4055 ***
1.4040 ***
1.4017 Last
1.4005 ***
1.3990 **
1.3975 **

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