(15 AUGUST 2018)USD/CAD:Key resistance at 1.3090.

(15 AUGUST 2018)USD/CAD:Key resistance at 1.3090.

15 August 2018, 09:10
Jiming Huang
0
41

cad

Pivot (invalidation): 1.3090

Our preference

Short positions below 1.3090 with targets at 1.3040 & 1.3015 in extension.

Alternative scenario

Above 1.3090 look for further upside with 1.3120 & 1.3150 as targets.

Comment

As Long as the resistance at 1.3090 is not surpassed, the risk of the break below 1.3040

remains high. 

(By Swissquote TRADING CENTRAL)