(06 August 2020)USD/CAD Bullish bias above 1.3250.

(06 August 2020)USD/CAD Bullish bias above 1.3250.

6 August 2020, 09:23
Jiming Huang
0
85

ca
Pivot
 (invalidation): 1.3250
Our preference
Long positions above 1.3250 with targets at 1.3290 & 1.3315 in extension.
Alternative scenario
Below 1.3250 look for further downside with 1.3230 & 1.3200 as targets.
Comment
A support base at 1.3250 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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