(04 MAY 2020)USD/CAD The bias remains bullish.

(04 MAY 2020)USD/CAD The bias remains bullish.

4 May 2020, 09:18
Jiming Huang
0
73

ca
Pivot
 (invalidation): 1.4075
Our preference
Long positions above 1.4075 with targets at 1.4165 & 1.4200 in extension.
Alternative scenario
Below 1.4075 look for further downside with 1.4045 & 1.4005 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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