(02 AUGUST 2018)USD/CAD:Key resistance at 1.3015.

(02 AUGUST 2018)USD/CAD:Key resistance at 1.3015.

2 August 2018, 14:12
Jiming Huang
0
45

cad

Pivot (invalidation): 1.3015

Our preference

Short positions below 1.3015 with targets at 1.2980 & 1.2960 in extension.

Alternative scenario

Above 1.3015 look for further upside with 1.3035 & 1.3055 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.3015.

(By Swissquote TRADING CENTRAL) 

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