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Analysis

USD/CAD may rise 27 - 47 pips

BY Trading Central

|ديسمبر ١٦, ٢٠٢٤

Intraday: range.

 Intraday: range.

Pivot

1.4205

Our preference

Long positions above 1.4205 with targets at 1.4250 & 1.4270 in extension.

Alternative scenario

Below 1.4205 look for further downside with 1.4185 & 1.4165 as targets.

Comment

A support base at 1.4205 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.4290

1.4270

1.4250

1.4223 Last

1.4205

1.4185

1.4165

Number of asterisks represents the strength of support and resistance levels.

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