Source: PaxForex Premium Analytics Portal, Technical Insight
USD/CAD edges higher near 1.3380 amid stable US Dollar, awaits Canadian Core CPI.
Pivot: 1.3373
Analysis:
While the price is below 1.3600, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3373
- Take Profit 1: 1.3300
- Take Profit 2: 1.3200
Alternative scenario:
If level 1.3600 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3600
- Take Profit 1: 1.3750
- Take Profit 2: 1.3900
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.3900 | 1.3300 |
| 1.3750 | 1.3200 |
| 1.3600 | 1.3100 |
