(31 JULY 2020)USD/CAD Key resistance at 1.3450.

(31 JULY 2020)USD/CAD Key resistance at 1.3450.

31 July 2020, 09:14
Jiming Huang
0
94

ca
Pivot
 (invalidation): 1.3450
Our preference
Short positions below 1.3450 with targets at 1.3405 & 1.3380 in extension.
Alternative scenario
Above 1.3450 look for further upside with 1.3475 & 1.3495 as targets.
Comment
As Long as the resistance at 1.3450 is not surpassed, the risk of the break below 1.3405
remains high.

(By Swissquote TRADING CENTRAL)