(07 February 2020)USD/CAD Caution.

(07 February 2020)USD/CAD Caution.

7 February 2020, 08:57
Jiming Huang
0
75

ca
Pivot
 (invalidation): 1.3280
Our preference
Long positions above 1.3280 with targets at 1.3300 & 1.3310 in extension.
Alternative scenario
Below 1.3280 look for further downside with 1.3265 & 1.3245 as targets.
Comment
A support base at 1.3280 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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