(29 OCTOBER 2018)USD/CAD:Key resistance at 1.3120.

Pivot (invalidation): 1.3120

Our preference

Short positions below 1.3120 with targets at 1.3065 & 1.3035 in extension.

Alternative scenario

Above 1.3120 look for further upside with 1.3155 & 1.3185 as targets.

Comment

A break below 1.3065 would trigger a drop towards 1.3035.

(By Swissquote TRADING CENTRAL)