USD/CAD Intraday: the downside prevails.

Trading Central 2021-02-24 08:05:06

Pivot: 1.2620

Our preference: short positions below 1.2620 with targets at 1.2555 & 1.2530 in extension.

Alternative scenario: above 1.2620 look for further upside with 1.2640 & 1.2655 as targets.

Comment: the RSI calls for a new downleg.

Supports and resistances:

1.2655

1.2640

1.2620

1.2585 Last

1.2555

1.2530

1.2500

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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