8103516 11/13/2017 8:47 AM, USD/CAD ST: the bias remains bullish.


Pivot: 1.2450


Our preference:

long positions above 1.2450 with targets at 1.3020 & 1.3200 in extension.


Alternative scenario:

below 1.2450 look for further downside with 1.2055 & 1.1920 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Supports and resistances:


1.3380 *

1.3200 **

1.3020 **


1.2691

Last

1.2450 ***

1.2055 **

1.1920 **