USD/CAD Intraday: Watching for a Trigger Above Resistance
USD/CAD (USD/CAD)
+0.00176+0.13%
Our next up target stands at 1.3972
Our pivot point is at 1.3904.
Our preference: Our next up target stands at 1.3972
Alternative scenario: below 1.3904, expect 1.3883 and 1.3871.
Comment: Price is consolidating just below a key resistance level, setting the stage for an upside attempt.
Supports and resistances:
1.3984 *
1.3972 **
1.3959
1.3946 last
1.3904 **
1.3883 *
1.3871 **
Our preference: Our next up target stands at 1.3972
Alternative scenario: below 1.3904, expect 1.3883 and 1.3871.
Comment: Price is consolidating just below a key resistance level, setting the stage for an upside attempt.
Supports and resistances:
1.3984 *
1.3972 **
1.3959
1.3946 last
1.3904 **
1.3883 *
1.3871 **
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