(05 JULY 2019)USD/CAD:Key resistance at 1.3065.

(05 JULY 2019)USD/CAD:Key resistance at 1.3065.

5 July 2019, 08:55
Jiming Huang
0
49

ca

Pivot (invalidation): 1.3065

Our preference

Short positions below 1.3065 with targets at 1.3030 & 1.3010 in extension.

Alternative scenario

Above 1.3065 look for further upside with 1.3080 & 1.3100 as targets.

Comment

As Long as the resistance at 1.3065 is not surpassed, the risk of the break below 1.3030

remains high. 

(By Swissquote TRADING CENTRAL)