USD/CAD Intraday: turning down.

USD/CAD (USD/CAD)
-0.01027-0.75%
short positions below 1.3740 with targets at 1.3685 & 1.3660 in extension.
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Pivot: 1.3740

Our preference: short positions below 1.3740 with targets at 1.3685 & 1.3660 in extension.

Alternative scenario: above 1.3740 look for further upside with 1.3760 & 1.3785 as targets.

Comment: as long as 1.3740 is resistance, expect a return to 1.3685.

Supports and resistances:
1.3785
1.3760
1.3740
1.3704 Last
1.3685
1.3660
1.3640

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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