Source: PaxForex Premium Analytics Portal, Technical Insight
USD/CAD: At risk of more losses in the weeks ahead – Scotiabank.
Pivot: 1.3632
Analysis:
While the price is below 1.3750, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3632
- Take Profit 1: 1.3570
- Take Profit 2: 1.3500
Alternative scenario:
If level 1.3750 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3750
- Take Profit 1: 1.3820
- Take Profit 2: 1.3900
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 1.3900 | 1.3570 |
| 1.3820 | 1.3500 |
| 1.3750 | 1.3400 |
