(19 December 2019)USD/CAD Key resistance at 1.3130.

(19 December 2019)USD/CAD Key resistance at 1.3130.

19 December 2019, 08:47
Jiming Huang
0
69

CA
Pivot
 (invalidation): 1.3130
Our preference
Short positions below 1.3130 with targets at 1.3100 & 1.3080 in extension.
Alternative scenario
Above 1.3130 look for further upside with 1.3145 & 1.3160 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

Share it with friends: