(27 AUGUST 2018)USD/CAD:The downside prevails.

(27 AUGUST 2018)USD/CAD:The downside prevails.

27 August 2018, 09:40
Jiming Huang
0
58

cad

Pivot (invalidation): 1.3040

Our preference

Short positions below 1.3040 with targets at 1.2985 & 1.2960 in extension.

Alternative scenario

Above 1.3040 look for further upside with 1.3070 & 1.3100 as targets.

Comment

The RSI calls for a drop

(By Swissquote TRADING CENTRAL)