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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCAD 4.9.2024

Technical Analysis
Wednesday, September 04, 2024 - 13:19
Point Trader Group
USDCAD 4.9.2024

General trend: up.
Expected scenario:
The pair is trading at the highest strong support level around 1.3430, which enhances the chances of continuing the rise to 1.3680.
Alternative scenario:
The scenario turns bearish with a break of 1.3375, targeting 1.3250
The most important levels
resistance:
1.3680 – 1.3760
support:
1.3375 – 1.3250

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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