Source: PaxForex Premium Analytics Portal, Technical Insight

The sales figures without cars are worrying. The population continued to receive state support in July and August, but spending was reduced. The fact that part of sales is growing against the backdrop of unsatisfied demand is worrisome, and once it is satisfied, the indicator will fall below pre-pandemic levels

 USD/CAD, 30 min

Pivot: 1.3315

Analysis:

Provided that the currency pair is traded above 1.3275 follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3315
• Take Profit 1: 1.3340
• Take Profit 2: 1.3370

Alternative scenario: 

In case of breakdown of the level 1.3275, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3275
• Take Profit 1: 1.3240
• Take Profit 2: 1.3210

Comment:

RSI shows the possibility of an uptrend during the day.

Key levels:

USD/CAD, D1

Pivot: 1.3305

Analysis:

While the price is above 1.3290 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3305
• Take Profit 1: 1.3500
• Take Profit 2: 1.3720

Alternative scenario:

If the level 1.3290 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3290
• Take Profit 1: 1.2950
• Take Profit 2: 1.2790

Comment:

RSI shows the possibility of the uptrend 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 1.1750 with 1.1780 and 1.1800 targets as Take Profit. Alternative scenario - if the level 1.1750 is broken-down, sell with the TP 1.1730 and 1.1710.
GBP/USD - long positions above 1.2795 with 1.2845 and 1.2870 targets as Take Profit. Alternative scenario - if the level of 1.2795 is broken-down, sell with the targets 1.2770 and 1.2740 as Take Profit.
AUD/USD – sell below 0.7235 with 0.7190 and 0.7170 as Take Profit targets. Alternative scenario - if the level of 0.7235 is broken-out, you should consider buying with the targets 0.7255 and 0.7280 as Take Profit.