(08 MAY 2020)USD/CAD Look for 1.3885.

Pivot
 (invalidation): 1.3970
Our preference
Short positions below 1.3970 with targets at 1.3915 & 1.3885 in extension.
Alternative scenario
Above 1.3970 look for further upside with 1.4010 & 1.4040 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited

(By Swissquote TRADING CENTRAL)