Wed, Nov 20, 2024 @ 00:37 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisUSD/CAD Rebound Expected

USD/CAD Rebound Expected

Swissquote Bank SA
By Swissquote Bank SA

Pivot (invalidation): 1.3275

Our preference Long positions above 1.3275 with targets at 1.3320 & 1.3345 in extension.

Alternative scenario Below 1.3275 look for further downside with 1.3255 & 1.3225 as targets.

Comment A support base at 1.3275 has formed and has allowed for a temporary stabilisation.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.