(04 FEBRUARY 2019)USD/CAD:Key resistance at 1.3120.

Pivot (invalidation): 1.3120

Our preference

Short positions below 1.3120 with targets at 1.3060 & 1.3015 in extension.

Alternative scenario

Above 1.3120 look for further upside with 1.3160 & 1.3185 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)