USD/CAD Intraday: as long as 1.3755 is support look for 1.3815

Apr 12, 2024 19:47
USD/CAD (USD/CAD)
-0.00006-0.00%
as long as 1.3755 is support look for 1.3815.
image
Our pivot point stands at 1.3755.

Our preference: as long as 1.3755 is support look for 1.3815.

Alternative scenario: the downside breakout of 1.3755 would call for 1.3736 and 1.3725.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3762 and 1.3725).

Supports and resistances:
1.3837 **
1.3826 *
1.3815 **
1.3804
1.3776 last
1.3763
1.3755 **
1.3736 *
1.3725 **

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