(15 MAY 2020)USD/CAD Under pressure.

(15 MAY 2020)USD/CAD Under pressure.

15 May 2020, 08:51
Jiming Huang
0
121

ca
Pivot
 (invalidation): 1.4080
Our preference
Short positions below 1.4080 with targets at 1.4005 & 1.3970 in extension.
Alternative scenario
Above 1.4080 look for further upside with 1.4110 & 1.4140 as targets.
Comment
As Long as 1.4080 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)