(07 AUGUST 2018)USD/CAD:Limited upside.

(07 AUGUST 2018)USD/CAD:Limited upside.

7 August 2018, 15:04
Jiming Huang
0
44

cad

Pivot (invalidation): 1.2985

Our preference

Long positions above 1.2985 with targets at 1.3010 & 1.3020 in extension.

Alternative scenario

Below 1.2985 look for further downside with 1.2965 & 1.2945 as targets.

Comment

A support base at 1.2985 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 

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