USD/CAD Intraday: rebound expected.

Limited Increase
u
1675394650701
USDCAD+0%
2025-05-05 01:46Source:TC

Pivot: 1.3790

Our preference: long positions above 1.3790 with targets at 1.3840 & 1.3865 in extension.

Alternative scenario: below 1.3790 look for further downside with 1.3760 & 1.3740 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:

1.3900

1.3865

1.3840

1.3824 Last

1.3790

1.3760

1.3740

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-05-2025 at 01:46 UTC+1

Price reference: 1.3824 last known on 05-05-2025 at 01:46 UTC+1

Investment horizon: INTRADAY

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