(01 MAY 2019)USD/CAD:Under pressure.

(01 MAY 2019)USD/CAD:Under pressure.

1 May 2019, 09:52
Jiming Huang
0
67

cad

Pivot (invalidation): 1.3400

Our preference

Short positions below 1.3400 with targets at 1.3350 & 1.3330 in extension.

Alternative scenario

Above 1.3400 look for further upside with 1.3430 & 1.3460 as targets.

Comment

The break below 1.3400 is a negative signal that has opened a path to 1.3350.

(By Swissquote TRADING CENTRAL)