Tanalys

USD/CAD intraday: bullish bias above 1.044.

Pivot: 1.044

Our preference: Long positions above 1.044 with targets @ 1.0505 1.054 in extension.

Alternative scenario: Below 1.044 look for further downside with 1.0395 1.036 as targets.

Comment: the RSI lacks downward momentum.

Key levels

1.058

1.054

1.0505

1.0466 last

1.044

1.0395

1.036

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