Forex

USD/CAD may rise 23 - 43 pips

2024-06-03

Pivot

1.3620

Our preference

Long positions above 1.3620 with targets at 1.3670 & 1.3690 in extension.

Alternative scenario

Below 1.3620 look for further downside with 1.3600 & 1.3580 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3710

1.3690

1.3670

1.3647 Last

1.3620

1.3600

1.3580

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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