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USD/CAD Intraday: the upside prevails.

2023-10-26
581

Pivot: 1.3780

Our preference: long positions above 1.3780 with targets at 1.3820 & 1.3850 in extension.

Alternative scenario: below 1.3780 look for further downside with 1.3750 & 1.3730 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

1.3870

1.3850

1.3820

1.3796 Last

1.3780

1.3750

1.3730

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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