USD/CAD Intraday: under pressure.

Limited Decrease
l
202506031016160007e70d11dda97788461f22475d4dc0
USDCAD+0%
2025-06-02 11:47Source:TC

Pivot: 1.3705

Our preference: short positions below 1.3705 with targets at 1.3660 & 1.3626 in extension.

Alternative scenario: above 1.3705 look for further upside with 1.3740 & 1.3770 as targets.

Comment: the break below 1.3705 is a negative signal that has opened a path to 1.3660.

Supports and resistances:

1.3770

1.3740

1.3705

1.3678 Last

1.3660

1.3626

1.3610

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 06-02-2025 at 11:47 UTC+1

Price reference: 1.3678 last known on 06-02-2025 at 11:47 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

More