Tanalys

USD/CAD intraday: intraday support around 1.051.

Pivot: 1.051

Our preference: Long positions above 1.051 with targets @ 1.057 1.0595 in extension.

Alternative scenario: Below 1.051 look for further downside with 1.049 1.0465 as targets.

Comment: a support base at 1.051 has formed and has allowed for a temporary stabilisation.

Key levels

1.061

1.0595

1.057

1.0536 last

1.051

1.049

1.0465

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