USD/CAD Intraday: under pressure

Nov 7, 2024 12:12 PM

short positions below 1.3920 with targets at 1.3845 & 1.3820 in extension.

Pivot: 1.3920
Our preference:
short positions below 1.3920 with targets at 1.3845 & 1.3820 in extension.
Alternative scenario:
above 1.3920 look for further upside with 1.3950 & 1.3975 as targets.
Comment:
the break below 1.3920 is a negative signal that has opened a path to 1.3845.
Supports and resistances:
1.3975
1.3950
1.3920
1.3892 Last
1.3845
1.3820
1.3800

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