(18 JUNE 2020)USD/CAD Bullish bias above 1.3540.

(18 JUNE 2020)USD/CAD Bullish bias above 1.3540.

18 June 2020, 09:19
Jiming Huang
0
80

ca
Pivot
 (invalidation): 1.3540
Our preference
Long positions above 1.3540 with targets at 1.3595 & 1.3620 in extension.
Alternative scenario
Below 1.3540 look for further downside with 1.3505 & 1.3480 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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