USD/CAD faced strong resistance near 1.4800 last month and has recently carved out a lower high at 1.4550, Société Générale's FX analysts note.
Below 1.4240, USD/CAD can fall towards 1.4150 and 1.4030
"Daily MACD is within positive territory but has dipped below its trigger line highlighting receding upward momentum. A short-term pullback is taking shape. Low achieved earlier this month at 1.4240 is first layer of support. Break below this can lead to extended down move towards 1.4150 and projections at 1.4030. Resistance at 1.4550 must be overcome to confirm further uptrend."
Below 1.4240, USD/CAD can fall towards 1.4150 and 1.4030
"Daily MACD is within positive territory but has dipped below its trigger line highlighting receding upward momentum. A short-term pullback is taking shape. Low achieved earlier this month at 1.4240 is first layer of support. Break below this can lead to extended down move towards 1.4150 and projections at 1.4030. Resistance at 1.4550 must be overcome to confirm further uptrend."
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.