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USD/CAD Intraday: further upside.
2024-01-16
540
Pivot: 1.3420
Our preference: long positions above 1.3420 with targets at 1.3460 & 1.3480 in extension.
Alternative scenario: below 1.3420 look for further downside with 1.3400 & 1.3380 as targets.
Comment: a support base at 1.3420 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.3500
1.3480
1.3460
1.3446 Last
1.3420
1.3400
1.3380
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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