Source: PaxForex Premium Analytics Portal, Technical Insight

Minister of Public Procurement of Canada Anita Anand said that the government has agreed with Abbott Laboratories to supply 7.9 million express tests for COVID-19

USD/CAD, 30 min

Pivot: 1.3385

Analysis:

Provided that the currency pair is traded above 1.3370, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3385
• Take Profit 1: 1.3445
• Take Profit 2: 1.3465

Alternative scenario: 

In case of breakdown of the level 1.3370, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3370
• Take Profit 1: 1.3350
• Take Profit 2: 1.3335

Comment:

RSI shows the possibility of an uptrend during the day.

Key levels:

USD/CAD, D1

Pivot: 1.3379

Analysis:

While the price is above 1.3120, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3379
• Take Profit 1: 1.3500
• Take Profit 2: 1.3720

Alternative scenario:

If the level 1.3120 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3120
• Take Profit 1: 1.2950
• Take Profit 2: 1.2790

Comment:

RSI shows the possibility of the uptrend in the medium term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD - sell below 1.1755 with 1.1710 and 1.1685 targets as Take Profit. Alternative scenario - if the level 1.1755 is broken-out, buy with the TP 1.1775 and 1.1795.
GBP/USD - short positions below 1.2875 with 1.2800 and 1.2780 targets as Take Profit. Alternative scenario - if the level of 1.2875 is broken-out, buy with the targets 1.2900 and 1.2930 as Take Profit.
AUD/USD – sell below 0.7150 with 0.7090 and 0.7070 as Take Profit targets. Alternative scenario - if the level of 0.7150 is broken-out, you should consider buying with the targets 0.7175 and 0.7200 as Take Profit