(28 January 2020)USD/CAD The bias remains bullish.

Pivot
 (invalidation): 1.3165
Our preference
Long positions above 1.3165 with targets at 1.3200 & 1.3220 in extension.
Alternative scenario
Below 1.3165 look for further downside with 1.3145 & 1.3120 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)