USD/CAD Intraday: intraday support around 1.4045

Dec 5, 2024 10:35 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:
a support base at 1.4045 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.4125
1.4105
1.4085
1.4054 Last
1.4045
1.4025
1.4005

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