(16 January 2020)USD/CAD Key resistance at 1.3050.

Pivot
 (invalidation): 1.3050
Our preference
Short positions below 1.3050 with targets at 1.3030 & 1.3020 in extension.
Alternative scenario
Above 1.3050 look for further upside with 1.3060 & 1.3075 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limit

(By Swissquote TRADING CENTRAL)