(18 November 2020)USD/CAD Bullish bias above 1.3085.

(18 November 2020)USD/CAD Bullish bias above 1.3085.

18 November 2020, 09:16
Jiming Huang
0
128

ca
Pivot
 (invalidation): 1.3085
Our preference
Long positions above 1.3085 with targets at 1.3125 & 1.3150 in extension.
Alternative scenario
Below 1.3085 look for further downside with 1.3060 & 1.3040 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited

(By Swissquote TRADING CENTRAL)