usd/cad technical analyse 4th november

Pivot: 1.125

Our preference: Long positions above 1.125 with targets @ 1.1385 & 1.1445 in extension.

Alternative scenario: Below 1.125 look for further downside with 1.1185 & 1.116 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Supports and resistances:

1.153

1.1445

1.1385

1.1355 Last

1.125

1.1185

1.116

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