USD/CAD Intraday: under pressure

Nov 7, 2024 6:26 AM

short positions below 1.3950 with targets at 1.3855 & 1.3825 in extension.

Pivot: 1.3950
Our preference:
short positions below 1.3950 with targets at 1.3855 & 1.3825 in extension.
Alternative scenario:
above 1.3950 look for further upside with 1.3975 & 1.4000 as targets.
Comment:
the RSI calls for a new downleg.
Supports and resistances:
1.4000
1.3975
1.3950
1.3893 Last
1.3855
1.3825
1.3800

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