(05 JUNE 2019)USD/CAD:The downside prevails.

(05 JUNE 2019)USD/CAD:The downside prevails.

5 June 2019, 09:06
Jiming Huang
0
56

ca

Pivot (invalidation): 1.3415

Our preference

Short positions below 1.3415 with targets at 1.3350 & 1.3330 in extension.

Alternative scenario

Above 1.3415 look for further upside with 1.3450 & 1.3480 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)