8110472 11/14/2017 4:49 PM, USD/CAD MT: the downside prevails.


Pivot: 1.3150


Our preference:

short positions below 1.3150 with targets at 1.1900 & 1.1230 in extension.


Alternative scenario:

above 1.3150 look for further upside with 1.3795 & 1.4200 as targets.


Comment:

The pair has broken below the lower boundary of a bullish channel in place since April 2016 and is currently posting apull back on its 50-weeks moving average ahead of a new down move.


Supports and resistances:


1.4200

1.3795

1.3150


1.2400

Last

1.1900

1.1230

1.0600