USD/CAD Intraday: the downside prevails.

USDCAD

Trading Central 2021-02-24 11:55:06

Pivot: 1.2610

Our preference: short positions below 1.2610 with targets at 1.2545 & 1.2510 in extension.

Alternative scenario: above 1.2610 look for further upside with 1.2645 & 1.2670 as targets.

Comment: as long as 1.2610 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.2670

1.2645

1.2610

1.2573 Last

1.2545

1.2510

1.2480

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.