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USD/CAD Intraday: the downside prevails.

2024-05-24
145

Pivot: 1.3705

Our preference: short positions below 1.3705 with targets at 1.3655 & 1.3625 in extension.

Alternative scenario: above 1.3705 look for further upside with 1.3725 & 1.3745 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

1.3745

1.3725

1.3705

1.3669 Last

1.3655

1.3625

1.3600

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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