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USD/CAD Intraday: key resistance at 1.3485.

2024-03-14
242

Pivot: 1.3485

Our preference: short positions below 1.3485 with targets at 1.3455 & 1.3440 in extension.

Alternative scenario: above 1.3485 look for further upside with 1.3500 & 1.3515 as targets.

Comment: as long as the resistance at 1.3485 is not surpassed, the risk of the break below 1.3455 remains high.

Supports and resistances:

1.3515

1.3500

1.3485

1.3471 Last

1.3455

1.3440

1.3425

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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