(07 January 2020)USD/CAD Key resistance at 1.2970.

(07 January 2020)USD/CAD Key resistance at 1.2970.

7 January 2020, 09:05
Jiming Huang
0
23

ca
Pivot
 (invalidation): 1.2970
Our preference
Short positions below 1.2970 with targets at 1.2955 & 1.2945 in extension.
Alternative scenario
Above 1.2970 look for further upside with 1.2980 & 1.2990 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.2970.

(By Swissquote TRADING CENTRAL)

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