(14 October 2019)USD/CAD Caution.

(14 October 2019)USD/CAD Caution.

14 October 2019, 08:53
Jiming Huang
0
80

ca
Pivot
 (invalidation): 1.3220
Our preference
Short positions below 1.3220 with targets at 1.3185 & 1.3165 in extension.
Alternative scenario
Above 1.3220 look for further upside with 1.3245 & 1.3265 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3220. Only a clear break
above 1.3220 would bring about a bullish reversal

(By Swissquote TRADING CENTRAL)


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