(16 JULY 2020)USD/CAD The downside prevails.

(16 JULY 2020)USD/CAD The downside prevails.

16 July 2020, 09:20
Jiming Huang
0
79

ca
Pivot
 (invalidation): 1.3535
Our preference
Short positions below 1.3535 with targets at 1.3490 & 1.3470 in extension.
Alternative scenario
Above 1.3535 look for further upside with 1.3555 & 1.3575 as targets.
Comment
The break below 1.3535 is a negative signal that has opened a path to 1.3490.

(By Swissquote TRADING CENTRAL)


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