USD/CAD may rise 22 - 47 pips
BY Trading Central
|November 18, 2024Intraday: the upside prevails.
Pivot
1.4050
Our preference
Long positions above 1.4050 with targets at 1.4110 & 1.4135 in extension.
Alternative scenario
Below 1.4050 look for further downside with 1.4030 & 1.4000 as targets.
Comment
The RSI calls for a new upleg.
Supports and resistances
1.4160
1.4135
1.4110
1.4088 Last
1.4050
1.4030
1.4000
Number of asterisks represents the strength of support and resistance levels.
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