USD/CAD Intraday: capped by a negative trend line.

USDCAD

Trading Central 2021-02-23 08:10:09

Pivot: 1.2630

Our preference: short positions below 1.2630 with targets at 1.2590 & 1.2575 in extension.

Alternative scenario: above 1.2630 look for further upside with 1.2645 & 1.2660 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2630.

Supports and resistances:

1.2660

1.2645

1.2630

1.2615 Last

1.2590

1.2575

1.2560

Disclaimer

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