(03 DECEMBER 2018)USD/CAD:The downside prevails.

(03 DECEMBER 2018)USD/CAD:The downside prevails.

3 December 2018, 09:13
Jiming Huang
0
100

cad

Pivot (invalidation): 1.3270

Our preference

Short positions below 1.3270 with targets at 1.3185 & 1.3150 in extension.

Alternative scenario

Above 1.3270 look for further upside with 1.3290 & 1.3310 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)