(12 MAY 2020)USD/CAD Look for 1.4115.

(12 MAY 2020)USD/CAD Look for 1.4115.

12 May 2020, 13:35
Jiming Huang
0
91

ca
Pivot
 (invalidation): 1.4000
Our preference
Long positions above 1.4000 with targets at 1.4080 & 1.4115 in extension.
Alternative scenario
Below 1.4000 look for further downside with 1.3975 & 1.3940 as targets.
Comment
The RSI is bullish and calls for further upside.

(By Swissquote TRADING CENTRAL)

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