(16 October 2019)USD/CAD Key resistance at 1.3220.

(16 October 2019)USD/CAD Key resistance at 1.3220.

16 October 2019, 09:12
Jiming Huang
0
25

cA
Pivot
 (invalidation): 1.3220
Our preference
Short positions below 1.3220 with targets at 1.3190 & 1.3165 in extension.
Alternative scenario
Above 1.3220 look for further upside with 1.3240 & 1.3260 as targets.
Comment
As Long as the resistance at 1.3220 is not surpassed, the risk of the break below 1.3190
remains high. The pair has failed to post a sustainable rebound after breaking below the lower
boundary of a bullish channel.

(By Swissquote TRADING CENTRAL)


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