(19 OCTOBER 2018)USD/CAD:Bullish bias above 1.3050.

(19 OCTOBER 2018)USD/CAD:Bullish bias above 1.3050.

19 October 2018, 14:43
Jiming Huang
0
62

cad

Pivot (invalidation): 1.3050

Our preference

Long positions above 1.3050 with targets at 1.3090 & 1.3115 in extension.

Alternative scenario

Below 1.3050 look for further downside with 1.3020 & 1.3000 as targets.

Comment

A support base at 1.3050 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 

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