USD/CAD Intraday: key resistance at 1.3480.

Pivot: 1.3480

Our preference: short positions below 1.3480 with targets at 1.3430 & 1.3410 in extension.

Alternative scenario: above 1.3480 look for further upside with 1.3500 & 1.3520 as targets.

Comment: as long as the resistance at 1.3480 is not surpassed, the risk of the break below 1.3430 remains high.

Supports and resistances:

1.3520

1.3500

1.3480

1.3451 Last

1.3430

1.3410

1.3390

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-06-2023 at 01:18 UTC+1

Price reference: 1.3451 last known on 04-06-2023 at 01:18 UTC+1

Investment horizon: INTRADAY