Tanalys

USD/CAD Intraday: key resistance at 1.1045.

Pivot: 1.1045

Our preference: Short positions below 1.1045 with targets @ 1.0995 1.0975 in extension.

Alternative scenario: Above 1.1045 look for further upside with 1.1075 1.1105 as targets.

Comment: As long as 1.1045 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.1105

1.1075

1.1045

1.1035 Last

1.0995

1.0975

1.095

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