(28 AUGUST 2018)USD/CAD:Key resistance at 1.3000.

(28 AUGUST 2018)USD/CAD:Key resistance at 1.3000.

28 August 2018, 09:29
Jiming Huang
0
58

cad

Pivot (invalidation): 1.3000

Our preference

Short positions below 1.3000 with targets at 1.2945 & 1.2920 in extension.

Alternative scenario

Above 1.3000 look for further upside with 1.3035 & 1.3070 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

(By Swissquote TRADING CENTRAL) 

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