Forex

USD/CAD may fall 13 - 33 pips

2024-08-26

Pivot

1.3530

Our preference

Short positions below 1.3530 with targets at 1.3490 & 1.3470 in extension.

Alternative scenario

Above 1.3530 look for further upside with 1.3550 & 1.3570 as targets.

Comment

A break below 1.3490 would trigger a drop towards 1.3470.

Supports and resistances

1.3570

1.3550

1.3530

1.3503 Last

1.3490

1.3470

1.3450

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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