(17 November 2020)USD/CAD Capped by a negative trend line.

(17 November 2020)USD/CAD Capped by a negative trend line.

17 November 2020, 09:05
Jiming Huang
0
94

ca
Pivot
 (invalidation): 1.3100
Our preference
Short positions below 1.3100 with targets at 1.3055 & 1.3030 in extension.
Alternative scenario
Above 1.3100 look for further upside with 1.3125 & 1.3150 as targets.
Comment
The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)


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