(09 APRIL 2019)USD/CAD:The downside prevails.

(09 APRIL 2019)USD/CAD:The downside prevails.

9 April 2019, 09:48
Jiming Huang
0
49

ca

Pivot (invalidation): 1.3340

Our preference

Short positions below 1.3340 with targets at 1.3295 & 1.3275 in extension.

Alternative scenario

Above 1.3340 look for further upside with 1.3365 & 1.3385 as targets.

Comment

The break below 1.3340 is a negative signal that has opened a path to 1.3295.

(By Swissquote TRADING CENTRAL)

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