Source: PaxForex Premium Analytics Portal, Technical Insight
USD/CAD pair will continue to rise in the range of 1.2775/1.2875 - Scotiabank
USD/CAD,D1
Pivot: 1.2821
Analysis:
While the price is below 1.2700, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2821
- Take Profit 1: 1.2915
- Take Profit 2: 1.3050
Alternative scenario:
If the level 1.2700 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2700
- Take Profit 1: 1.2620
- Take Profit 2: 1.2520
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 1.3200 | 1.2700 |
| 1.3050 | 1.2620 |
| 1.2915 | 1.2520 |
