(24 March 2020)USD/CAD Key resistance at 1.4490.

(24 March 2020)USD/CAD Key resistance at 1.4490.

24 March 2020, 08:22
Jiming Huang
0
59

ca
Pivot
 (invalidation): 1.4490
Our preference
Short positions below 1.4490 with targets at 1.4350 & 1.4280 in extension.
Alternative scenario
Above 1.4490 look for further upside with 1.4550 & 1.4610 as targets.
Comment
The break below 1.4490 is a negative signal that has opened a path to 1.4350.

(By Swissquote TRADING CENTRAL)

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