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Trading Analysis USD/CAD intraday : as long as 1.4178 is support look for 1.4346

USD/CAD intraday : as long as 1.4178 is support look for 1.4346

The price could retrace.

Our pivot point is at 1.4178.

Our preference: as long as 1.4178 is support look for 1.4346

Alternative scenario: below 1.4178, expect 1.4126 and 1.4095.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.4215 and 1.4147).

Supports and resistances:

1.4408 **

1.4377 *

1.4346 **

1.4315

1.4222 last

1.4198

1.4178 **

Disclaimer

The reference points and analysis of the trading strategy are provided by the third party provider Trading Central, and the strategies are only the independent evaluation and judgment of individual analyst, without considering the investor's investment goals and financial status. All strategies do not constitute investment advice or recommendations, and are for reference only. Our company also does not guarantee the accuracy of the strategy, and does not assume any responsibility for negative results caused by trading strategies.