Source: PaxForex Premium Analytics Portal, Technical Insight
Fed, Williams: as the Fed tightens, core inflation will soon peak and decline later this year.
USD/CAD,D1
Pivot: 1.2636
Analysis:
While the price is above 1.2555, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2636
- Take Profit 1: 1.2675
- Take Profit 2: 1.2785
Alternative scenario:
If the level 1.2555 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2555
- Take Profit 1: 1.2470
- Take Profit 2: 1.2365
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 1.2850 | 1.2555 |
| 1.2785 | 1.2470 |
| 1.2675 | 1.2365 |
