USD/CAD Middle Term: choppy.
USD/CAD (USD/CAD)
+0.00021+0.02%
short positions below 1.4120 with targets at 1.3480 & 1.3100 in extension.
Pivot: 1.4120
Our preference: short positions below 1.4120 with targets at 1.3480 & 1.3100 in extension.
Alternative scenario: above 1.4120 look for further upside with 1.4500 & 1.4790 as targets.
Comment: as long as the resistance at 1.4120 is not surpassed, the risk of the break below 1.3480 remains high.
Supports and resistances:
1.4790 ***
1.4500 **
1.4120 ***
1.3684 Last
1.3480 ***
1.3100 ***
1.2730 **
Our preference: short positions below 1.4120 with targets at 1.3480 & 1.3100 in extension.
Alternative scenario: above 1.4120 look for further upside with 1.4500 & 1.4790 as targets.
Comment: as long as the resistance at 1.4120 is not surpassed, the risk of the break below 1.3480 remains high.
Supports and resistances:
1.4790 ***
1.4500 **
1.4120 ***
1.3684 Last
1.3480 ***
1.3100 ***
1.2730 **
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