(12 October 2020)USD/CAD Key resistance at 1.3160.

Pivot
 (invalidation): 1.3160
Our preference
Short positions below 1.3160 with targets at 1.3105 & 1.3080 in extension.
Alternative scenario
Above 1.3160 look for further upside with 1.3180 & 1.3200 as targets.
Comment
As Long as the resistance at 1.3160 is not surpassed, the risk of the break below 1.3105
remains hig

(By Swissquote TRADING CENTRAL)