(16 JUNE 2020)USD/CAD The downside prevails.

(16 JUNE 2020)USD/CAD The downside prevails.

16 June 2020, 09:13
Jiming Huang
0
102

ca
Pivot
 (invalidation): 1.3585
Our preference
Short positions below 1.3585 with targets at 1.3480 & 1.3440 in extension.
Alternative scenario
Above 1.3585 look for further upside with 1.3615 & 1.3655 as targets.
Comment
As Long as 1.3585 is resistance, look for choppy price action with a bearish bias

(By Swissquote TRADING CENTRAL)

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