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USD/CAD Intraday: the downside prevails.
2024-02-19
770
Pivot: 1.3505
Our preference: short positions below 1.3505 with targets at 1.3460 & 1.3440 in extension.
Alternative scenario: above 1.3505 look for further upside with 1.3525 & 1.3545 as targets.
Comment: as long as the resistance at 1.3505 is not surpassed, the risk of the break below 1.3460 remains high.
Supports and resistances:
1.3545
1.3525
1.3505
1.3480 Last
1.3460
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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