USD/CAD may rise 27 - 47 pips
BY Trading Central
|12 16, 2024Intraday: range.
Pivot
1.4205
Our preference
Long positions above 1.4205 with targets at 1.4250 & 1.4270 in extension.
Alternative scenario
Below 1.4205 look for further downside with 1.4185 & 1.4165 as targets.
Comment
A support base at 1.4205 has formed and has allowed for a temporary stabilisation.
Supports and resistances
1.4290
1.4270
1.4250
1.4223 Last
1.4205
1.4185
1.4165
Number of asterisks represents the strength of support and resistance levels.
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