logo
Analysis

USD/CAD may fall 28 - 48 pips

BY Trading Central

|April 12, 2024

Intraday: consolidation.

 Intraday: consolidation.

Pivot

1.3725

Our preference

Short positions below 1.3725 with targets at 1.3660 & 1.3640 in extension.

Alternative scenario

Above 1.3725 look for further upside with 1.3750 & 1.3775 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.3775

1.3750

1.3725

1.3688 Last

1.3660

1.3640

1.3620

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

© 2024 Trading Central. All Rights Reserved. The information contained herein: (1) is proprietary to Trading Central and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by TIO Markets Ltd, Trading Central or its content providers in respect of the investment in financial instruments. Neither TIO Markets Ltd nor Trading Central nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Pricing, historical chart data and fundamental company data are provided by Morningstar Research Inc.

Technical Event® is a registered trademark of Trading Central.

Trading Central products and services are protected under U.S. Patent Nos.: 6,801,201; 7,469,226; 7,469,238; 7,835,966; and 7,853,506; and corresponding foreign patents.


Join us on social media

image-8c62214c8e5bec6ef8697de32b3ff7c208099266-900x900-jpg
Trading Central
24/7 Live Chat

undefined