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Analysis

USD/CAD may rise to 1.3900 - 1.4030

BY Trading Central

|April 24, 2024

ST: the upside prevails.

 ST: the upside prevails.

Pivot

1.3560

Our preference

Long positions above 1.3560 with targets at 1.3900 & 1.4030 in extension.

Alternative scenario

Below 1.3560 look for further downside with 1.3350 & 1.3280 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

1.4175 **

1.4030 ***

1.3900 ***

1.3665 Last

1.3560 ***

1.3350 ***

1.3280 ***

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

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