(13 AUGUST 2018)USD/CAD:1.3170 in sight.

(13 AUGUST 2018)USD/CAD:1.3170 in sight.

13 August 2018, 10:00
Jiming Huang
0
47

cad

Pivot (invalidation): 1.3120

Our preference

Long positions above 1.3120 with targets at 1.3170 & 1.3200 in extension.

Alternative scenario

Below 1.3120 look for further downside with 1.3070 & 1.3035 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL) 

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