Source: PaxForex Premium Analytics Portal, Technical Insight

Due to Turkey's possible use of Canadian military equipment in the Nagorno-Karabakh conflict, Canada suspended the issuance of permits for exporting weapons to Turkey.

 USD/CAD, 30 min

Pivot: 1.3180

Analysis:

Provided that the currency pair is traded above 1.3165, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3180
• Take Profit 1: 1.3215
• Take Profit 2: 1.3235

Alternative scenario: 

In case of breakdown of the level 1.3165, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3165
• Take Profit 1: 1.3145
• Take Profit 2: 1.3120

Comment:

RSI shows the possibility of an uptrend during the day.

Key levels:

USD/CAD, D1

Pivot: 1.3179

Analysis:

While the price is below 1.3420, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3179
• Take Profit 1: 1.2990
• Take Profit 2: 1.2790

Alternative scenario:

If the level 1.3420 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3420
• Take Profit 1: 1.3580
• Take Profit 2: 1.3720

Comment:

RSI shows the possibility of the downtrend in the medium term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD - buy above 1.1755 with 1.1815 and 1.1830 targets as Take Profit. Alternative scenario - if the level 1.1755 is broken-down, sell with the TP 1.1740 and 1.1725.
GBP/USD - short positions below 1.2985 with 1.2895 and 1.2860 targets as Take Profit. Alternative scenario - if the level of 1.2985 is broken-out, buy with the targets 1.3025 and 1.3065 as Take Profit.
AUD/USD – sell below 0.7070 with 0.7000 and 0.6981 as Take Profit targets. Alternative scenario - if the level of 0.7070 is broken-out, you should consider buying with the targets 0.7090 and 0.7115 as Take Profit.