(11 October 2019)USD/CAD Key resistance at 1.3300.

(11 October 2019)USD/CAD Key resistance at 1.3300.

11 October 2019, 09:03
Jiming Huang
0
29

ca
Pivot
 (invalidation): 1.3300
Our preference
Short positions below 1.3300 with targets at 1.3280 & 1.3265 in extension.
Alternative scenario
Above 1.3300 look for further upside with 1.3320 & 1.3335 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3300. The pair has
repeatedly failed to break above the key resistance at 1.3300 (around the descending
50-period moving average)

(By Swissquote TRADING CENTRAL)


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