(09 AUGUST 2019)USD/CAD:The downside prevails.

(09 AUGUST 2019)USD/CAD:The downside prevails.

9 August 2019, 09:31
Jiming Huang
0
42

ca

Pivot (invalidation): 1.3245

Our preference

Short positions below 1.3245 with targets at 1.3185 & 1.3160 in extension.

Alternative scenario

Above 1.3245 look for further upside with 1.3260 & 1.3285 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)


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