Forex

USD/CAD may rise 12 - 27 pips

2024-07-29

Pivot

1.3815

Our preference

Long positions above 1.3815 with targets at 1.3845 & 1.3860 in extension.

Alternative scenario

Below 1.3815 look for further downside with 1.3795 & 1.3780 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3880

1.3860

1.3845

1.3833 Last

1.3815

1.3795

1.3780

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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