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

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

17 August 2018, 09:45
Jiming Huang
0
49

cad

Pivot (invalidation): 1.3135

Our preference

Long positions above 1.3135 with targets at 1.3175 & 1.3200 in extension.

Alternative scenario

Below 1.3135 look for further downside with 1.3110 & 1.3090 as targets.

Comment

A support base at 1.3135 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 

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