Contributors Technical Analysis USD/CAD Key Resistance At 1.3220

USD/CAD Key Resistance At 1.3220

Pivot (invalidation): 1.3220

Our preference Short positions below 1.3220 with targets at 1.3175 & 1.3160 in extension.

Alternative scenario Above 1.3220 look for further upside with 1.3270 & 1.3305 as targets.

Comment As Long as the resistance at 1.3220 is not surpassed, the risk of the break below 1.3175 remains high.

Previous articleUSD/CHF The Upside Prevails
Next articleAUD/USD Key Resistance At 0.7350
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version