(12 JULY 2019)USD/CAD:The downside prevails.

(12 JULY 2019)USD/CAD:The downside prevails.

12 July 2019, 09:03
Jiming Huang
0
40

ca

Pivot (invalidation): 1.3060

Our preference

Short positions below 1.3060 with targets at 1.3030 & 1.3000 in extension.

Alternative scenario

Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL)


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