Contributors Technical Analysis USD/CAD Capped By A Negative Trend Line

USD/CAD Capped By A Negative Trend Line

Pivot (invalidation): 1.3060

Our preference Short positions below 1.3060 with targets at 1.3035 & 1.3015 in extension.

Alternative scenario Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets.

Comment The upward potential is likely to be limited by the resistance at 1.3060.

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