US Dollar to Canadian Dollar currency pair closed the trading week near the level of 1.4101. The quotes continue moving within the correction and upward channel.
USD/CAD, 30 min
Pivot: 1.4065
US Dollar to Canadian Dollar currency pair closed the trading week near the level of 1.4101. The quotes continue moving within the correction and upward channel.
Pivot: 1.4065
Provided that the currency pair is traded below 1.4115, follow the recommendations below:
In case of breakout of the level 1. 4115, follow the recommendations below:
RSI shows descending momentum.
| Resistance | Support |
| 1.4180 | 1.4035 |
| 1.4150 | 1.4000 |
| 1.4115 | 1.3955 |
Pivot: 1.4108
While the price is below 1.4265, follow the recommendations below:
If the level 1.4265 is broken-out, follow the recommendations below.
RSI shows a possible downtrend.
| Resistance | Support |
| 1.4670 | 1.3850 |
| 1.4530 | 1.3620 |
| 1.4265 | 1.3435 |
AUD/USD – buy above 0.6400 with 0.6470 and 0.6500 as Take Profit targets. Alternative scenario - if the level of 0.6400 is broken-down, you should consider selling with the targets 0.6375 and 0.6355 as Take Profit.
GBP/USD - long positions above 1.2360 with 1.2470 and 1.2515 targets as Take Profit. Alternative scenario - if the level of 1.2360 is broken-down, sell with the targets 1.2340 and 1.2320 as Take Profit.
EUR/USD - buy above 1.0805 with 1.0860 and 1.0880 targets as Take Profit. Alternative scenario - if the level 1.0805 is broken-down, sell with the TP 1.0780 and 1.0760.
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
To receive new articles instantly Subscribe to updates.
