USD/CAD Intraday: the downside prevails.

Nov 20, 2024 11:52 PM

short positions below 1.3995 with targets at 1.3950 & 1.3930 in extension.

Pivot: 1.3995
Our preference:
short positions below 1.3995 with targets at 1.3950 & 1.3930 in extension.
Alternative scenario:
above 1.3995 look for further upside with 1.4015 & 1.4035 as targets.
Comment:
as long as the resistance at 1.3995 is not surpassed, the risk of the break below 1.3950 remains high.
Supports and resistances:
1.4035
1.4015
1.3995
1.3968 Last
1.3950
1.3930
1.3910

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