(05 MAY 2020)USD/CAD 1.4005 expected.

(05 MAY 2020)USD/CAD 1.4005 expected.

5 May 2020, 09:07
Jiming Huang
0
67

ca
Pivot
 (invalidation): 1.4105
Our preference
Short positions below 1.4105 with targets at 1.4050 & 1.4005 in extension.
Alternative scenario
Above 1.4105 look for further upside with 1.4150 & 1.4200 as targets.
Comment
A break below 1.4050 would trigger a drop towards 1.4005.

(By Swissquote TRADING CENTRAL)

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