7761099 8/14/2017 8:29 AM, USD/CAD ST: under pressure.


Pivot: 1.3020


Our preference:

short positions below 1.3020 with targets at 1.2200 & 1.1920 in extension.


Alternative scenario:

above 1.3020 look for further upside with 1.3200 & 1.3350 as targets.


Comment:

as long as 1.3020 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:


1.3350 **

1.3200 *

1.3020 ***


1.2675

Last

1.2200 **

1.1920 ***

1.1750 *