USD/CAD may fall 24 - 39 pips

Intraday: consolidation.

Pivot

1.3475

Our preference

Short positions below 1.3475 with targets at 1.3430 & 1.3415 in extension.

Alternative scenario

Above 1.3475 look for further upside with 1.3490 & 1.3505 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.3475.

Supports and resistances

1.3505

1.3490

1.3475

1.3454 Last

1.3430

1.3415

1.3400

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.

Trading Central

Related Posts

Analysis

Key Forex market events to watch in May 2024

May 2024 is poised to be a pivotal month for Forex traders, marked by a series of high-impact events and announcements capable of influencing market dynamics significantly. From crucial emplo...

Analysis

USD/JPY may rise to 157.00 - 159.50

ST: further advance. Pivot 150.80 Our preference Long positions above 150.80 with targets at 157.00 & 159.50 in extension. Alternative scenario Below 150.80 look for further downside wi...

Analysis

Crude Oil (WTI) may rise to 83.25 - 83.70

(M4) Intraday: the bias remains bullish. Pivot 82.40 Our preference Long positions above 82.40 with targets at 83.25 & 83.70 in extension. Alternative scenario Below 82.40 look for furt...

Analysis

USD/CAD may rise to 1.3900 - 1.4030

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 downsid...