(16 OCTOBER 2018)USD/CAD:Rebound expected.

(16 OCTOBER 2018)USD/CAD:Rebound expected.

16 October 2018, 10:04
Jiming Huang
0
64

cad

Pivot (invalidation): 1.2955

Our preference

Long positions above 1.2955 with targets at 1.3005 & 1.3030 in extension.

Alternative scenario

Below 1.2955 look for further downside with 1.2925 & 1.2900 as targets.

Comment

A support base at 1.2955 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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