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Analysis

USD/CAD may rise 19 - 39 pips

BY Trading Central

|May 23, 2024

Intraday: the bias remains bullish.

 Intraday: the bias remains bullish.

Pivot

1.3660

Our preference

Long positions above 1.3660 with targets at 1.3700 & 1.3720 in extension.

Alternative scenario

Below 1.3660 look for further downside with 1.3645 & 1.3625 as targets.

Comment

The next resistances are at 1.3700 and then at 1.3720.

Supports and resistances

1.3740

1.3720

1.3700

1.3681 Last

1.3660

1.3645

1.3625

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

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