7964835 10/9/2017 8:48 AM, USD/CAD ST: key resistance at 1.2780.


Pivot: 1.2780


Our preference:

short positions below 1.2780 with targets at 1.2055 & 1.1920 in extension.


Alternative scenario:

above 1.2780 look for further upside with 1.3020 & 1.3200 as targets.


Comment:

the upward potential is likely to be limited by the resistance at 1.2780.


Supports and resistances:


1.3200 **

1.3020 **

1.2780 ***


1.2530

Last

1.2055 ***

1.1920 ***

1.1700 **