(06 MAY 2020)USD/CAD Continuation of the rebound.

(06 MAY 2020)USD/CAD Continuation of the rebound.

6 May 2020, 09:14
Jiming Huang
0
77

ca
Pivot
 (invalidation): 1.4015
Our preference
Long positions above 1.4015 with targets at 1.4095 & 1.4130 in extension.
Alternative scenario
Below 1.4015 look for further downside with 1.3990 & 1.3965 as targets.
Comment
Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)

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