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USD/CAD Intraday: consolidation in place.

2023-10-27
1007

Pivot: 1.3845

Our preference: short positions below 1.3845 with targets at 1.3800 & 1.3785 in extension.

Alternative scenario: above 1.3845 look for further upside with 1.3860 & 1.3880 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:

1.3880

1.3860

1.3845

1.3817 Last

1.3800

1.3785

1.3765

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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