USD/CAD may rise 18 - 33 pips

BY Trading Central

|October 7, 2024

Intraday: supported by a rising trend line.

Pivot

1.3560

Our preference

Long positions above 1.3560 with targets at 1.3600 & 1.3615 in extension.

Alternative scenario

Below 1.3560 look for further downside with 1.3545 & 1.3530 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3630

1.3615

1.3600

1.3582 Last

1.3560

1.3545

1.3530

Number of asterisks represents the strength of support and resistance levels.

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