8099274 11/10/2017 1:36 PM, USD/CAD Intraday: capped by a negative trend line.


Pivot: 1.2705


Our preference:

short positions below 1.2705 with targets at 1.2660 & 1.2630 in extension.


Alternative scenario:

above 1.2705 look for further upside with 1.2725 & 1.2740 as targets.


Comment:

as long as 1.2705 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:


1.2740 **

1.2725 **

1.2705 ***


1.2669

Last

1.2660 **

1.2630 **

1.2600 *