(04 JANUARY 2019)USD/CAD:The downside prevails.

Pivot (invalidation): 1.3520

Our preference

Short positions below 1.3520 with targets at 1.3445 & 1.3410 in extension.

Alternative scenario

Above 1.3520 look for further upside with 1.3565 & 1.3600 as targets.

Comment

The break below 1.3520 is a negative signal that has opened a path to 1.3445.

(By Swissquote TRADING CENTRAL)