USD/CAD Intraday: the bias remains bullish

Dec 5, 2024 3:45 AM

long positions above 1.4045 with targets at 1.4085 & 1.4105 in extension.

Pivot: 1.4045
Our preference:
long positions above 1.4045 with targets at 1.4085 & 1.4105 in extension.
Alternative scenario:
below 1.4045 look for further downside with 1.4025 & 1.4005 as targets.
Comment:
the RSI is mixed with a bullish bias.
Supports and resistances:
1.4125
1.4105
1.4085
1.4070 Last
1.4045
1.4025
1.4005

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