8075597 11/6/2017 8:42 AM, USD/CAD ST: bullish bias above 1.2400.


Pivot: 1.2400


Our preference:

long positions above 1.2400 with targets at 1.3020 & 1.3200 in extension.


Alternative scenario:

below 1.2400 look for further downside with 1.2055 & 1.1920 as targets.


Comment:

technically the RSI is above its neutrality area at 50.


Supports and resistances:


1.3380 ***

1.3200 **

1.3020 ***


1.2769

Last

1.2400 ***

1.2055 ***

1.1920 ***