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USD/CAD intraday: as long as 1.3753 is support look for 1.3863


1.3753 is our pivot point.

Our preference: as long as 1.3753 is support look for 1.3863.

Alternative scenario: the downside breakout of 1.3753 would call for 1.3712 and 1.3688.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3779 and 1.3759).

Supports and resistances:

1.3911 **

1.3887 *

1.3863 **


1.3785 last


1.3753 **

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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