USD/CAD Intraday: bullish bias above 1.3505.
Oct 1, 2024 9:58 AM
long positions above 1.3505 with targets at 1.3560 & 1.3575 in extension.
Pivot: 1.3505
Our preference:
long positions above 1.3505 with targets at 1.3560 & 1.3575 in extension.
Alternative scenario:
below 1.3505 look for further downside with 1.3490 & 1.3470 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3590
1.3575
1.3560
1.3535 Last
1.3505
1.3490
1.3470
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