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USD/CAD may rise 14 - 34 pips
BY Trading Central
|August 5, 2024Intraday: 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.
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