Source: PaxForex Premium Analytics Portal, Technical Insight
The USD/CAD pair extends its downside near 1.3660 amid the weaker US Dollar on Friday.
Pivot: 1.3646
Analysis:
While the price is above 1.3600, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3683
- Take Profit 1: 1.3900
- Take Profit 2: 1.4000
Alternative scenario:
If level 1.3600 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3600
- Take Profit 1: 1.3500
- Take Profit 2: 1.3400
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
Resistance | Support |
1.4100 | 1.3600 |
1.4000 | 1.3500 |
1.3900 | 1.3400 |