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USD/CAD intraday: rebound towards 1.3765


Our pivot point stands at 1.3660.

Our preference: rebound towards 1.3765.

Alternative scenario: the downside breakout of 1.3660 would call for 1.3622 and 1.3600.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3697 and 1.3707).

Supports and resistances:

1.3810 **

1.3788 *

1.3765 **


1.3696 last


1.3660 **

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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