(28 FEBRUARY 2019)USD/CAD:Key resistance at 1.3165.

Pivot (invalidation): 1.3165

Our preference

Short positions below 1.3165 with targets at 1.3125 & 1.3110 in extension.

Alternative scenario

Above 1.3165 look for further upside with 1.3190 & 1.3210 as targets.

Comment

As Long as 1.3165 is resistance, look for choppy price action with a bearish bias

(By Swissquote TRADING CENTRAL)