USD/CAD, 30 min
Pivot: 1.2575
Analysis:
Provided that the currency pair is traded above 1.2550, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.2575
- Take Profit 1: 1.2610
- Take Profit 2: 1.2635
Alternative scenario:
In case of breakdown of the level 1.2550, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.2550
- Take Profit 1: 1.2535
- Take Profit 2: 1.2520
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
Resistance --- Support
1.2650 -------- 1.2550
1.2635 -------- 1.2535
1.2610 -------- 1.2520
USD/CAD, D1
Pivot: 1.2530
Analysis:
While the price is below 1.2745, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2530
- Take Profit 1: 1.2460
- Take Profit 2: 1.2360
Alternative scenario:
If the level 1.2745 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2745
- Take Profit 1: 1.2855
- Take Profit 2: 1.2980
Comment:
RSI shows the possibility of the downtrend in the medium term.
Key levels:
Resistance --- Support
1.2980 -------- 1.2460
1.2855 -------- 1.2360
1.2745 -------- 1.2300
AUD/USD Forecast Fundamental Analysis | Australian Dollar / US Dollar
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