USD/CAD may rise 18 - 33 pips
BY Trading Central
|October 7, 2024Intraday: 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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