(07 SEPTEMBER 2018)USD/CAD:The downside prevails.

Pivot (invalidation): 1.3165

Our preference

Short positions below 1.3165 with targets at 1.3090 & 1.3060 in extension.

Alternative scenario

Above 1.3165 look for further upside with 1.3200 & 1.3225 as targets.

Comment

As Long as 1.3165 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)