USD/CAD Intraday: further upside

Jan 17, 2025 12:14 PM

long positions above 1.4390 with targets at 1.4420 & 1.4445 in extension.

Pivot: 1.4390
Our preference:
long positions above 1.4390 with targets at 1.4420 & 1.4445 in extension.
Alternative scenario:
below 1.4390 look for further downside with 1.4365 & 1.4345 as targets.
Comment:
the RSI is bullish and calls for further upside.
Supports and resistances:
1.4460
1.4445
1.4420
1.4412 Last
1.4390
1.4365
1.4345

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