USD/CAD MT: under pressure.

USDCAD

Trading Central 2021-01-14 16:43:06

Pivot: 1.3420

Our preference: short positions below 1.3420 with targets at 1.2535 & 1.2250 in extension.

Alternative scenario: above 1.3420 look for further upside with 1.3795 & 1.4110 as targets.

Comment: The pair stands below its 50-week moving average and should face further weakness.

Supports and resistances:

1.4110

1.3795

1.3420

1.2672 Last

1.2535

1.2250

1.2060

Disclaimer

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