(09 April 2020)USD/CAD Key resistance at 1.4040.

(09 April 2020)USD/CAD Key resistance at 1.4040.

9 April 2020, 09:09
Jiming Huang
0
71

c ca
Pivot
 (invalidation): 1.4040
Our preference
Short positions below 1.4040 with targets at 1.3995 & 1.3975 in extension.
Alternative scenario
Above 1.4040 look for further upside with 1.4075 & 1.4105 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.4040.

(By Swissquote TRADING CENTRAL)

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