USD/CAD Intraday: capped by a negative trend line

Nov 29, 2024 5:53 AM

short positions below 1.4015 with targets at 1.3965 & 1.3950 in extension.

Pivot: 1.4015
Our preference:
short positions below 1.4015 with targets at 1.3965 & 1.3950 in extension.
Alternative scenario:
above 1.4015 look for further upside with 1.4035 & 1.4060 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
1.4060
1.4035
1.4015
1.3990 Last
1.3965
1.3950
1.3930

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