(22 OCTOBER 2018)USD/CAD:Bullish bias above 1.3075.

(22 OCTOBER 2018)USD/CAD:Bullish bias above 1.3075.

22 October 2018, 09:23
Jiming Huang
0
12

cad

Pivot (invalidation): 1.3075

Our preference

Long positions above 1.3075 with targets at 1.3130 & 1.3150 in extension.

Alternative scenario

Below 1.3075 look for further downside with 1.3050 & 1.3020 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL) 

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