(14 MAY 2020)USD/CAD The upside prevails.

(14 MAY 2020)USD/CAD The upside prevails.

14 May 2020, 08:46
Jiming Huang
0
86

ca
Pivot
 (invalidation): 1.4065
Our preference
Long positions above 1.4065 with targets at 1.4120 & 1.4140 in extension.
Alternative scenario
Below 1.4065 look for further downside with 1.4040 & 1.4000 as targets.
Comment
The break above 1.4065 is a positive signal that has opened a path to 1.4120.

(By Swissquote TRADING CENTRAL)

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