7872006 9/13/2017 8:53 AM, USD/CAD Intraday: the bias remains bullish.


Pivot: 1.2125


Our preference:

long positions above 1.2125 with targets at 1.2205 & 1.2245 in extension.


Alternative scenario:

below 1.2125 look for further downside with 1.2075 & 1.2000 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Supports and resistances:


1.2300 ***

1.2245 ***

1.2205 ***


1.2168

Last

1.2125 **

1.2075 **

1.2000 *