(18 JULY 2019)USD/CAD:Capped by a negative trend line.

Pivot (invalidation): 1.3060

Our preference

Short positions below 1.3060 with targets at 1.3035 & 1.3015 in extension.

Alternative scenario

Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.3060

(By Swissquote TRADING CENTRAL)