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Analysis

USD/CAD may rise 9 - 34 pips

BY Trading Central

|May 13, 2024

Intraday: continuation of the rebound.

 Intraday: continuation of the rebound.

Pivot

1.3655

Our preference

Long positions above 1.3655 with targets at 1.3690 & 1.3715 in extension.

Alternative scenario

Below 1.3655 look for further downside with 1.3635 & 1.3620 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

1.3735

1.3715

1.3690

1.3681 Last

1.3655

1.3635

1.3620

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

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