Source: PaxForex Premium Analytics Portal, Technical Insight
USD/CAD oscillates around 1.3600, upside remains favored as oil tumbles below $80.00.
USD/CAD,D1
Pivot: 1.3585
Analysis:
While the price is above 1.3200, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3585
- Take Profit 1: 1.3700
- Take Profit 2: 1.3800
Alternative scenario:
If the level 1.3200 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3200
- Take Profit 1: 1.2960
- Take Profit 2: 1.2800
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 1.3900 | 1.3200 |
| 1.3800 | 1.2960 |
| 1.3700 | 1.2800 |
