(06 SEPTEMBER 2018)USD/CAD:Bullish bias above 1.3150.

(06 SEPTEMBER 2018)USD/CAD:Bullish bias above 1.3150.

6 September 2018, 09:22
Jiming Huang
0
50

cad

Pivot (invalidation): 1.3150

Our preference

Long positions above 1.3150 with targets at 1.3205 & 1.3250 in extension.

Alternative scenario

Below 1.3150 look for further downside with 1.3115 & 1.3085 as targets.

Comment

A support base at 1.3150 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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