(14 December 2020)USD/CAD Under pressure.

(14 December 2020)USD/CAD Under pressure.

14 December 2020, 09:17
Jiming Huang
0
77

ca
Pivot
 (invalidation): 1.2775
Our preference
Short positions below 1.2775 with targets at 1.2740 & 1.2720 in extension.
Alternative scenario
Above 1.2775 look for further upside with 1.2795 & 1.2815 as targets.
Comment
As Long as the resistance at 1.2775 is not surpassed, the risk of the break below 1.2740
remains high.

(By Swissquote TRADING CENTRAL)