(20 MAY 2019)USD/CAD:The downside prevails.

(20 MAY 2019)USD/CAD:The downside prevails.

20 May 2019, 09:28
Jiming Huang
0
48

ca

Pivot (invalidation): 1.3455

Our preference

Short positions below 1.3455 with targets at 1.3415 & 1.3395 in extension.

Alternative scenario

Above 1.3455 look for further upside with 1.3470 & 1.3490 as targets.

Comment

The immediate trend remains down and the momentum is strong.

(By Swissquote TRADING CENTRAL)

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