USD/CAD may fall 38 - 68 pips
BY Trading Central
|November 7, 2024Intraday: under pressure.
Pivot
1.3950
Our preference
Short positions below 1.3950 with targets at 1.3855 & 1.3825 in extension.
Alternative scenario
Above 1.3950 look for further upside with 1.3975 & 1.4000 as targets.
Comment
The RSI calls for a new downleg.
Supports and resistances
1.4000
1.3975
1.3950
1.3893 Last
1.3855
1.3825
1.3800
Number of asterisks represents the strength of support and resistance levels.
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