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USD/CAD Intraday: capped by a negative trend line.
2024-01-29
934
Pivot: 1.3465
Our preference: short positions below 1.3465 with targets at 1.3430 & 1.3415 in extension.
Alternative scenario: above 1.3465 look for further upside with 1.3480 & 1.3500 as targets.
Comment: as long as 1.3465 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.3500
1.3480
1.3465
1.3450 Last
1.3430
1.3415
1.3400
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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