Source: PaxForex Premium Analytics Portal, Technical Insight
The rising U.S. dollar hit the Canadian dollar (-0.8%). The pair rose to a high of 1.26.
USD/CAD,D1
Pivot: 1.2751
Analysis:
While the price is above 1.2555, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2751
- Take Profit 1: 1.2785
- Take Profit 2: 1.2900
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 |
| 1.2950 | 1.2555 |
| 1.2900 | 1.2470 |
| 1.2785 | 1.2365 |
