8088678 11/8/2017 4:55 PM, USD/CAD ST: continuation of the rebound.


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:

the break above 1.2450 is a positive signal that has opened a path to 1.3020.


Supports and resistances:


1.3380 *

1.3200 **

1.3020 **


1.2749

Last

1.2450 ***

1.2055 **

1.1920 **