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Evening analysis of USD/CAD for Monday

to Nov. 11, 2019

 

USD/CAD Intraday: caution.
Pivot: 1.3205

Our preference: long positions above 1.3205 with targets at 1.3235 & 1.3255 in extension.

Alternative scenario: below 1.3205 look for further downside with 1.3180 & 1.3160 as targets.

Comment: the immediate trend remains up but the momentum is weak.

Supports and resistances:
1.3275
1.3255
1.3235
1.3215 Last
1.3205
1.3180
1.3160

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