(26 March 2020)USD/CAD Key resistance at 1.4290.

(26 March 2020)USD/CAD Key resistance at 1.4290.

26 March 2020, 10:27
Jiming Huang
0
72

ca
Pivot
 (invalidation): 1.4290
Our preference
Short positions below 1.4290 with targets at 1.4180 & 1.4130 in extension.
Alternative scenario
Above 1.4290 look for further upside with 1.4345 & 1.4410 as targets.
Comment
As Long as the resistance at 1.4290 is not surpassed, the risk of the break below 1.4180
remains high.

(By Swissquote TRADING CENTRAL)