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USD/CAD Intraday: the upside prevails.

2023-10-04
1045

Pivot: 1.3680

Our preference: long positions above 1.3680 with targets at 1.3735 & 1.3760 in extension.

Alternative scenario: below 1.3680 look for further downside with 1.3650 & 1.3620 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

1.3790

1.3760

1.3735

1.3698 Last

1.3680

1.3650

1.3620

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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