(09 OCTOBER 2018)USD/CAD:Watch 1.2940.

(09 OCTOBER 2018)USD/CAD:Watch 1.2940.

9 October 2018, 09:25
Jiming Huang
0
61

cad

Pivot (invalidation): 1.2985

Our preference

Short positions below 1.2985 with targets at 1.2940 & 1.2910 in extension.

Alternative scenario

Above 1.2985 look for further upside with 1.3010 & 1.3030 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

(By Swissquote TRADING CENTRAL)