(16 January 2020)USD/CAD Key resistance at 1.3050.

(16 January 2020)USD/CAD Key resistance at 1.3050.

16 January 2020, 08:58
Jiming Huang
0
27

caa
Pivot
 (invalidation): 1.3050
Our preference
Short positions below 1.3050 with targets at 1.3030 & 1.3020 in extension.
Alternative scenario
Above 1.3050 look for further upside with 1.3060 & 1.3075 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limit

(By Swissquote TRADING CENTRAL)

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