(05 APRIL 2019)USD/CAD:Supported by a rising trend line.

Pivot (invalidation): 1.3340

Our preference

Long positions above 1.3340 with targets at 1.3370 & 1.3395 in extension.

Alternative scenario

Below 1.3340 look for further downside with 1.3315 & 1.3295 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)