USD/CAD may rise 14 - 34 pips

Intraday: the bias remains bullish.

Pivot

1.3850

Our preference

Long positions above 1.3850 with targets at 1.3890 & 1.3910 in extension.

Alternative scenario

Below 1.3850 look for further downside with 1.3830 & 1.3815 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

1.3930

1.3910

1.3890

1.3876 Last

1.3850

1.3830

1.3815

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

Trading Central

Related Posts

Analysis

Weekly Market Analysis from 12th of May 2025

Analysis

The Bank of England's next move | The future of UK interest rates

Analysis

Weekly Market Analysis from 5th of May 2025

Analysis

Weekly Market Analysis from 28th of April 2025

Analysis

EURUSD Rallies to 3-Year High, ECB Expected to Cut Rates

Analysis

Global Stock Markets Turmoil | Trade Tariffs and Recession Fears