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USD/CAD Intraday: under pressure

Feb 4, 2025 10:34 AM
short positions below 1.4540 with targets at 1.4365 & 1.4310 in extension.
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Pivot: 1.4540
Our preference:
short positions below 1.4540 with targets at 1.4365 & 1.4310 in extension.
Alternative scenario:
above 1.4540 look for further upside with 1.4630 & 1.4710 as targets.
Comment:
as long as 1.4540 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.4710
1.4630
1.4540
1.4418 Last
1.4365
1.4310
1.4260
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.

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USD/CAD
1.42959
0.00115
+0.08%