(16 AUGUST 2018)USD/CAD:Turning down.

(16 AUGUST 2018)USD/CAD:Turning down.

16 August 2018, 09:52
Jiming Huang
0
51

cad

Pivot (invalidation): 1.3150

Our preference

Short positions below 1.3150 with targets at 1.3095 & 1.3065 in extension.

Alternative scenario

Above 1.3150 look for further upside with 1.3175 & 1.3200 as targets.

Comment

The RSI shows downside momentum.

(By Swissquote TRADING CENTRAL) 

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