(13 MAY 2020)USD/CAD Bullish bias above 1.4030.

Pivot
 (invalidation): 1.4030
Our preference
Long positions above 1.4030 with targets at 1.4085 & 1.4115 in extension.
Alternative scenario
Below 1.4030 look for further downside with 1.4000 & 1.3970 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)