USD/CAD Intraday: under pressure.

Nov 20, 2024 10:23 AM

short positions below 1.3990 with targets at 1.3948 & 1.3930 in extension.

Pivot: 1.3990
Our preference:
short positions below 1.3990 with targets at 1.3948 & 1.3930 in extension.
Alternative scenario:
above 1.3990 look for further upside with 1.4020 & 1.4050 as targets.
Comment:
as long as the resistance at 1.3990 is not surpassed, the risk of the break below 1.3948 remains high.
Supports and resistances:
1.4050
1.4020
1.3990
1.3975 Last
1.3948
1.3930
1.3890

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