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: