(29 MAY 2020)USD/CAD Bullish bias above 1.3740.

(29 MAY 2020)USD/CAD Bullish bias above 1.3740.

29 May 2020, 09:00
Jiming Huang
0
116

ca
Pivot
 (invalidation): 1.3740
Our preference
Long positions above 1.3740 with targets at 1.3820 & 1.3845 in extension.
Alternative scenario
Below 1.3740 look for further downside with 1.3720 & 1.3700 as targets.
Comment
A support base at 1.3740 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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