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USD/CAD Intraday: key resistance at 1.3460.

2024-01-22
714

Pivot: 1.3460

Our preference: short positions below 1.3460 with targets at 1.3415 & 1.3400 in extension.

Alternative scenario: above 1.3460 look for further upside with 1.3480 & 1.3500 as targets.

Comment: as long as 1.3460 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.3500

1.3480

1.3460

1.3434 Last

1.3415

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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