(16 April 2020)USD/CAD Target 1.4175.

(16 April 2020)USD/CAD Target 1.4175.

16 April 2020, 08:55
Jiming Huang
0
61

  ca
Pivot
 (invalidation): 1.4080
Our preference
Long positions above 1.4080 with targets at 1.4135 & 1.4175 in extension.
Alternative scenario
Below 1.4080 look for further downside with 1.4050 & 1.4020 as targets.
Comment
Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)

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