Tanalys

USD/CAD intraday: key ST resistance at 1.045.

Pivot: 1.045

Our preference: Short positions below 1.045 with targets @ 1.0395 1.036 in extension.

Alternative scenario: Above 1.045 look for further upside with 1.0495 1.054 as targets.

Comment: as long as the resistance at 1.045 is not surpassed, the risk of the break below 1.0395 remains high.

Key levels

1.054

1.0495

1.045

1.0432 last

1.0395

1.036

1.0335

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