Tanalys

USD/CAD intraday: key ST resistance at 1.044.

Pivot: 1.044

Our preference: Short positions below 1.044 with targets @ 1.0355 1.0325 in extension.

Alternative scenario: Above 1.044 look for further upside with 1.047 1.052 as targets.

Comment: as long as 1.044 is resistance, look for choppy price action with a bearish bias.

Key levels

1.052

1.047

1.044

1.04059 last

1.0355

1.0325

1.025

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