USD/CAD Intraday: the downside prevails
Nov 29, 2024 10:45 AM
short positions below 1.4015 with targets at 1.3980 & 1.3965 in extension.
Pivot: 1.4015
Our preference:
short positions below 1.4015 with targets at 1.3980 & 1.3965 in extension.
Alternative scenario:
above 1.4015 look for further upside with 1.4035 & 1.4060 as targets.
Comment:
as long as 1.4015 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.4060
1.4035
1.4015
1.3998 Last
1.3980
1.3965
1.3950
Our preference:
short positions below 1.4015 with targets at 1.3980 & 1.3965 in extension.
Alternative scenario:
above 1.4015 look for further upside with 1.4035 & 1.4060 as targets.
Comment:
as long as 1.4015 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.4060
1.4035
1.4015
1.3998 Last
1.3980
1.3965
1.3950
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.
Related Instruments
USD/CAD
1.44093
0.00053
+0.04%