(09 JULY 2020)USD/CAD Under pressure.

(09 JULY 2020)USD/CAD Under pressure.

9 July 2020, 08:50
Jiming Huang
0
73

ca
Pivot
 (invalidation): 1.3540
Our preference
Short positions below 1.3540 with targets at 1.3490 & 1.3470 in extension.
Alternative scenario
Above 1.3540 look for further upside with 1.3565 & 1.3590 as targets.
Comment
As Long as the resistance at 1.3540 is not surpassed, the risk of the break below 1.3490
remains high.

(By Swissquote TRADING CENTRAL)