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USD/CAD Intraday: the bias remains bullish.

2024-01-16
668

Pivot: 1.3405

Our preference: long positions above 1.3405 with targets at 1.3445 & 1.3460 in extension.

Alternative scenario: below 1.3405 look for further downside with 1.3390 & 1.3375 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:

1.3480

1.3460

1.3445

1.3429 Last

1.3405

1.3390

1.3375

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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