Contributors Technical Analysis USD/CAD Key Resistance At 1.3300

USD/CAD Key Resistance At 1.3300

Pivot (invalidation): 1.3300

Our preference Short positions below 1.3300 with targets at 1.3280 & 1.3265 in extension.

Alternative scenario Above 1.3300 look for further upside with 1.3320 & 1.3335 as targets.

Comment The upward potential is likely to be limited by the resistance at 1.3300. The pair has repeatedly failed to break above the key resistance at 1.3300 (around the descending 50-period moving average).

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