7640115 7/12/2017 2:38 PM, USD/CAD Intraday: under pressure.


Pivot: 1.2930


Our preference:

short positions below 1.2930 with targets at 1.2880 & 1.2855 in extension.


Alternative scenario:

above 1.2930 look for further upside with 1.2950 & 1.2970 as targets.


Comment:

as long as 1.2930 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:


1.2970 ***

1.2950 *

1.2930 *


1.2919

Last

1.2880 **

1.2855 *

1.2830 *