(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019



(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019
Pivot
 (invalidation):
1.3220


Our preference
Short positions below 1.3220 with targets at 1.3190 & 1.3165 in extension.
Alternative scenario
Above
1.3220 look for further upside with 1.3240 & 1.3260 as targets.


Comment
As Long as the resistance at 1.3220 is not surpassed, the risk of the break below 1.3190
remains high. The
pair has failed to post a sustainable rebound after breaking below the lower


boundary of a bullish channel.

(By Swissquote TRADING CENTRAL)



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(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019
(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019
(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019
(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019
(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019

(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019

(16 October 2019)USD/CAD Key Resistance At 1.3220. - Analytics & Forecasts - 16 October 2019