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USD/CAD Intraday: under pressure.

2024-01-23
815

Pivot: 1.3485

Our preference: short positions below 1.3485 with targets at 1.3430 & 1.3410 in extension.

Alternative scenario: above 1.3485 look for further upside with 1.3500 & 1.3520 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.3520

1.3500

1.3485

1.3453 Last

1.3430

1.3410

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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