Source: PaxForex Premium Analytics Portal, Technical Insight
USD/CAD rises, approaching 1.2800 amid risk aversion.
USD/CAD,D1
Pivot: 1.2757
Analysis:
While the price is above 1.2570, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2757
- Take Profit 1: 1.2900
- Take Profit 2: 1.3030
Alternative scenario:
If the level 1.2570 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2570
- Take Profit 1: 1.2460
- Take Profit 2: 1.2360
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
Resistance | Support |
1.3140 | 1.2570 |
1.3030 | 1.2460 |
1.2900 | 1.2360 |