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

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

7 January 2019, 08:58
Jiming Huang
0
62

cad

Pivot (invalidation): 1.3425

Our preference

Short positions below 1.3425 with targets at 1.3320 & 1.3265 in extension.

Alternative scenario

Above 1.3425 look for further upside with 1.3465 & 1.3500 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL) 


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