USD/CAD ST: the downside prevails.

USDCAD

Trading Central 2021-02-22 07:59:06

Pivot: 1.2855

Our preference: short positions below 1.2855 with targets at 1.2460 & 1.2300 in extension.

Alternative scenario: above 1.2855 look for further upside with 1.2980 & 1.3100 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.3100 **

1.2980 **

1.2855 ***

1.2603 Last

1.2460 ***

1.2300 **

1.2170 **

Disclaimer

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