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maonadim

USDCAD short to 1.271

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
maonadim  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis USDCAD usdcadshort usdcadforecast
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trendanalysis indicator beyondta usdcad usdcadshort usdcadforecast
Our preference: short position below 1.2795 with targets at 1.2740 & 1.2710 in extension.

Alternative scenario: in excess of 1.2795, aim for a continuation of the increase with 1.2835 & 1.2860 in the line of sight.

Comment: as long as 1.2795 is not exceeded the risk of a depression of 1.2740 is important.
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