USD/CAD MT: under pressure.

Trading Central 2021-01-14 16:43:06

Pivot: 1.3420

Our preference: short positions below 1.3420 with targets at 1.2535 & 1.2250 in extension.

Alternative scenario: above 1.3420 look for further upside with 1.3795 & 1.4110 as targets.

Comment: The pair stands below its 50-week moving average and should face further weakness.

Supports and resistances:

1.4110

1.3795

1.3420

1.2672 Last

1.2535

1.2250

1.2060

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.

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