USD/CAD Intraday: under pressure.

USD/CAD (USD/CAD)
-0.00343-0.24%
short positions below 1.4305 with targets at 1.4180 & 1.4120 in extension.
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Pivot: 1.4305

Our preference: short positions below 1.4305 with targets at 1.4180 & 1.4120 in extension.

Alternative scenario: above 1.4305 look for further upside with 1.4355 & 1.4405 as targets.

Comment: as long as the resistance at 1.4305 is not surpassed, the risk of the break below 1.4180 remains high.

Supports and resistances:
1.4405
1.4355
1.4305
1.4247 Last
1.4180
1.4120
1.4050

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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