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USD/CAD Intraday: turning down.

2024-02-21
987

Pivot: 1.3530

Our preference: short positions below 1.3530 with targets at 1.3490 & 1.3470 in extension.

Alternative scenario: above 1.3530 look for further upside with 1.3550 & 1.3565 as targets.

Comment: the RSI calls for a new downleg.

Supports and resistances:

1.3565

1.3550

1.3530

1.3507 Last

1.3490

1.3470

1.3460

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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