Contributors Technical Analysis USD/CAD Under Pressure

USD/CAD Under Pressure

Pivot (invalidation): 1.4200

Our preference Short positions below 1.4200 with targets at 1.4095 & 1.4060 in extension.

Alternative scenario Above 1.4200 look for further upside with 1.4245 & 1.4300 as targets.

Comment As Long as 1.4200 is resistance, look for choppy price action with a bearish bias.

Previous articleUSD/CHF Consolidation
Next articleAUD/USD Continuation Of The Rebound
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