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USD/CAD Intraday: the bias remains bullish.

2024-05-06
436

Pivot: 1.3660

Our preference: long positions above 1.3660 with targets at 1.3695 & 1.3715 in extension.

Alternative scenario: below 1.3660 look for further downside with 1.3640 & 1.3620 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:

1.3740

1.3715

1.3695

1.3676 Last

1.3660

1.3640

1.3620

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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