Forex

USD/CAD may rise 19 - 39 pips

2024-10-14

Pivot

1.3750

Our preference

Long positions above 1.3750 with targets at 1.3800 & 1.3820 in extension.

Alternative scenario

Below 1.3750 look for further downside with 1.3725 & 1.3700 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

1.3840

1.3820

1.3800

1.3781 Last

1.3750

1.3725

1.3700

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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