USD/CAD Intraday: under pressure.

USDCAD

Trading Central 2021-02-23 09:27:10

Pivot: 1.2630

Our preference: short positions below 1.2630 with targets at 1.2590 & 1.2575 in extension.

Alternative scenario: above 1.2630 look for further upside with 1.2650 & 1.2670 as targets.

Comment: as long as the resistance at 1.2630 is not surpassed, the risk of the break below 1.2590 remains high.

Supports and resistances:

1.2670

1.2650

1.2630

1.2608 Last

1.2590

1.2575

1.2560

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.