Source: PaxForex Premium Analytics Portal, Technical Insight

USD/CAD is consolidating under 1.2600.

USD/CAD,D1

Pivot: 1.2571

Analysis:

Provided that the currency pair is traded above 1.2380, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.2571
• Take Profit 1: 1.2750
• Take Profit 2: 1.2880

Alternative scenario:

In case of breakdown of the level 1.2380, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2380
• Take Profit 1: 1.2250
• Take Profit 2: 1.2130

Comment:

RSI shows the possibility of an uptrend during the day.

Key levels: