7640604 7/12/2017 4:15 PM, CAD FX Futures? (CME) ST: the upside prevails.


Pivot: 0.7582


Our preference:

long positions above 0.7582 with targets at 0.7806 & 0.7911 in extension.


Alternative scenario:

below 0.7582 look for further downside with 0.7452 & 0.7386 as targets.


Comment:

the immediate trend remains up and the momentum is strong. The contract has broken above a bearish channel resistance.


Supports and resistances:


0.8032

0.7911

0.7806


0.7745

Last

0.7582

0.7452

0.7386