(20 MAY 2020)USD/CAD Bullish bias above 1.3895.

(20 MAY 2020)USD/CAD Bullish bias above 1.3895.

20 May 2020, 09:23
Jiming Huang
0
97

ca
Pivot
 (invalidation): 1.3895
Our preference
Long positions above 1.3895 with targets at 1.3970 & 1.4000 in extension.
Alternative scenario
Below 1.3895 look for further downside with 1.3865 & 1.3840 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)

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