(24 MAY 2019)USD/CAD:The upside prevails.

(24 MAY 2019)USD/CAD:The upside prevails.

24 May 2019, 09:16
Jiming Huang
0
57

ca

Pivot (invalidation): 1.3455

Our preference

Long positions above 1.3455 with targets at 1.3500 & 1.3515 in extension.

Alternative scenario

Below 1.3455 look for further downside with 1.3435 & 1.3415 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)

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