(08 December 2020)USD/CAD The downside prevails.

(08 December 2020)USD/CAD The downside prevails.

8 December 2020, 10:35
Jiming Huang
0
69

ca
Pivot
 (invalidation): 1.2815
Our preference
Short positions below 1.2815 with targets at 1.2770 & 1.2750 in extension.
Alternative scenario
Above 1.2815 look for further upside with 1.2835 & 1.2855 as targets.
Comment
As Long as the resistance at 1.2815 is not surpassed, the risk of the break below 1.2770
remains high.

(By Swissquote TRADING CENTRAL)