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    HomeContributorsTechnical AnalysisUSD/CAD The Downside Prevails

    USD/CAD The Downside Prevails

    Pivot (invalidation): 1.3165

    Our preference Short positions below 1.3165 with targets at 1.3090 & 1.3045 in extension.

    Alternative scenario Above 1.3165 look for further upside with 1.3200 & 1.3225 as targets.

    Comment As Long as 1.3165 is resistance, look for choppy price action with a bearish bias.

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