(11 August 2020)USD/CAD The downside prevails.

(11 August 2020)USD/CAD The downside prevails.

11 August 2020, 09:17
Jiming Huang
0
79

ca
Pivot
 (invalidation): 1.3360
Our preference
Short positions below 1.3360 with targets at 1.3310 & 1.3295 in extension.
Alternative scenario
Above 1.3360 look for further upside with 1.3380 & 1.3395 as targets.
Comment
As Long as the resistance at 1.3360 is not surpassed, the risk of the break below 1.3310
remains high.

(By Swissquote TRADING CENTRAL)