(01 OCTOBER 2018)USD/CAD:The downside prevails.

(01 OCTOBER 2018)USD/CAD:The downside prevails.

1 October 2018, 09:29
Jiming Huang
0
59

cad

Pivot (invalidation): 1.2945

Our preference

Short positions below 1.2945 with targets at 1.2885 & 1.2855 in extension.

Alternative scenario

Above 1.2945 look for further upside with 1.2985 & 1.3005 as targets.

Comment

The RSI calls for a drop.

(By Swissquote TRADING CENTRAL)