Source: PaxForex Premium Analytics Portal, Technical Insight
Canada: Employment increased by 230.7 thousand in June.
USD/CAD,D1
Pivot: 1.2448
Analysis:
Provided that the currency pair is traded above 1.2250, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2448
- Take Profit 1: 1.2650
- Take Profit 2: 1.2740
Alternative scenario:
In case of breakdown of the level 1.2250, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2250
- Take Profit 1: 1.2130
- Take Profit 2: 1.2020
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 1.2880 | 1.2250 |
| 1.2740 | 1.2130 |
| 1.2650 | 1.2020 |
